March 18, 2015

NIFTY Chart update

  • Price moving in a broad range of about 600 points. Recent low of 8612 is crucial. Falling below it may take price towards the Lower end of the range. Bulls may get a bounce if price does not violate the above mentioned level.
  • 20 Week SMA and Daily cloud are crucial for bulls to protect. Closing below these levels should result in bigger falls.

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