April 17, 2013

NIFTY Intraday update

 
  • Nifty at 50% Fib level for 5971 - 5477.
  • Price is also nearing a possible resistance zone between 5750 - 5760. 
  • 50 Day SMA is at 5773.
  • Hour chart shows price above 200 Hour SMA.
  • Intraday fall back below 200 Hour SMA will be negative for bulls.
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