June 7, 2012
- Nifty has a possible bullish engulfing pattern which will be confirmed if price closes at the current levels or higher.
- Price is moving into multiple resistance levels. 5 Week High EMA, 200 Day SMA and 50 Day SMA and a falling resistance line shown in last chart may act as resistance levels.
- If all goes well for bulls they may target 5150 - 5180 levels in the short term.
- S&P 500 EOD UPDATE