May 8, 2015

Nifty chart update

  • For a possible bounce 7961 must hold. Candlestick pattern and the position of Indicators suggest a possibility of a bounce. 
  • Weekly chart though is not looking convincing for bulls yet. 7961 is crucial there as well. Weekly chart must show a long tail today indicator support at 7961 If not we may see 7723 levels next week.
  • CRUDE Oil chart update: CLICK Here
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