April 4, 2012

NIFTY Chart analysis



  • Nifty bulls failed to close the day above the resistance line. This may lead to a correction, But for bulls there is a cluster of support from 5295 - 5321 (20 Day SMA - 5295, 50 Day SMA - 5318, 5 Day High EMA - 5321) - Breaking and closing below this cluster will weaken the bulls.
  • Resistance is at 5 Week High EMA - 5385
  • DOW JONES EOD UPDATE


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