July 28, 2016

Nifty chart update


  • Negative divergences, overbought readings are there. Price is also trading closer to a possible resistance line But Price continue to be with the trend. Trigger price for the sell could be a close below 8572 and followed by a break below 8476 Till that happens bulls remain strong.
  • Close above 8644 will help bulls to extend the prevailing trend further...
  • CRUDE OIL NEAR 200 SMA
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