April 26, 2012

NIFTY Weekly chart analysis



  • Yesterday's dip found support at 20 Week SMA as shown in first chart.
  • Second chart shows a potential bullish cross in the making. For this the weekly closing should be above 20 and 50 week SMA.
  • Declining prices with falling volume will give hope for bulls for an up move. 
  • S&P 500 EOD UPDATE


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