June 14, 2013

NIFTY Chart update

  • Nifty daily chart is moving away from 200 Day SMA But price is approaching an up trend line.
  • Weekly chart is likely to close below Middle Bollinger band which may lead to lower bollinger band in the short term.
  • Monthly chart is testing 5 Month Low EMA. For the weekly chart scenario work Month Low EMA and the up trend line shown in daily chart has to break. Taking support at these levels may lead to a bounce.
  • S&P 500 EOD UPDATE

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