December 14, 2015

Nifty intraday update

  • Nifty managed to stay above its crucial swing low of 7539. Bears can become strong again only if 7539 gets breached. 
  • 30 Minutes chart shows bulls yet to gain strength as price continues to stay below the cloud
  • Hour chart shows price below the falling trend line from 7972 levels. Strength for bulls only if price is able to sustain above 7700 levels.

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