April 17, 2012

NIFTY Intraday update

CHART-II - ONE HOUR
  • Nifty one hour near 200 Hour SMA and Range Top. Price closing above 5306 will favor bulls. 

CHART-I - FOUR HOUR
  • Nifty is yet to breakout above the falling resistance line.
  • Price also has to stay outside the range in the shaded area for a bigger move to happen.



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