My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 4, 2015
Nifty Weekend update
Weekly chart shows price trying to move out of the bearish pattern. Price has managed to close above 20 Week SMA. But daily chart shows price yet to move above 8500 levels which is a crucial resistance zone.
Bears are hoping that the Golden ratio will save them from a bigger rise.