December 18, 2013

NIFTY at Make or break levels

  • Immediate supports for nifty is the Daily cloud, Golden ratio and the channel support line.
  • Price has closed below 20 Day SMA, Yet to break below 50 Day SMA convincingly which may give hope for bulls of Nifty for a comeback.
  • Price falling into the daily cloud on closing basis will favor bears to extend this down move further. 
  • AXIS Bank Intraday update >
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