September 27, 2012

Nifty Chart analysis

  • NIFTY Hour shows a bullish Flag pattern.
  • Hour is also trading near 50 Hour SMA. Falling or closing below this level will be negative for bulls.
  • Week High at 5592 is important on a weekly closing point of view. Price not testing this value till tomorrow's should keep the bigger bulls positive.
  • S&P 500 EOD UPDATE
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