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NIFTY Chart analysis

 

  • Month chart moving above 5 Month High EMA should keep the bulls interested. Bulls are also trying to sustain above the weekly resistance line.
  • Cup and Handle pattern too is looking positive for bulls But there is no volume spike in daily chart which is not good for bullish moves. One has to confirm with a weekly close.
  • Possible resistance at upper bollinger band which is near 5460 levels.


Posted by San at 7:40 AM

1 comments:

madamuniramaiah said...

GOOD MORNING AND THANKS

August 16, 2012 at 8:21 AM

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