January 17, 2012

NIFTY Analysis

  • Nifty has closed above 50 Day SMA.
  • Some resistance levels are mentioned in the form of golden ratio, 100 SMA and a resistance line. But if last week's high is taken out we may see a spike above middle bollinger bands of weekly chart as it has happened in the recent the past, see the highlighted areas of last chart.
  • TCS CHARTS BEFORE QUARTERLY RESULTS

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