July 9, 2012

NIFTY Chart Analysis


  • Nifty sustaining above Week High EMA and 20 Week SMA should favor bulls.
  • Price is also closing above 5 Day High EMA. Weakness only if price starts to close below 5 Day High EMA.
  • Weekly cloud too may act as support for bulls. Price falling into the cloud will be negative.
  • Daily charts are showing negative divergence But MACD lines are yet to give a sell signal.
  • USDINR CHART UPDATE




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