March 4, 2014

Nifty Chart update


  • NIFTY Shows weakness at the 78.6% Fib level. For bulls price must close back above this level for extending the current up move.
  • Bears need price to close below 50 and 100 Day SMA as shown in chart one for a bigger down move to happen.
  • Price continues to trade in the range. For now price is near the resistance level of the range.
  • HINDALCO BUY SIGNAL AND RESISTANCE LEVELS
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