March 9, 2012

NIFTY Hour channel Updated

UPDATED CHARTS
  • Price has moved above the resistance line shown in the below chart. If 50 Hour SMA is held price may move towards the resistance levels mentioned in the above chart.
CHART-I
  • Nifty has to trade above this resistance line or channel to continue this up move.
  • Failing to breakout will lead nifty towards the morning GAP.

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