May 25, 2016

Nifty chart update

  • Nifty moving towards the major resistance zone near 8000 levels. Next hurdle for bulls to cross is 7940. 
  • First chart shows a possible inverted head and shoulders like pattern in Daily time frame which is bullish. Bulls need to stay above the rising blue line. Price falling below this line may weaken the pattern.
  • CRUDE OIL CHART UPDATE
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