November 30, 2016

NIFTY Daily and Hourly charts

  • Nifty daily chart shows a bearish shooting star like candle at 200 Day SMA. This one need follow up price action for bears. More weakness below 8130 levels. Hourly chart too shows price above 50 and 100 SMA These support levels must go as well for a bigger fall to resume.
  • Bulls need to protect 50 and 100 Hour SMA To avoid bigger correction.
  • CRUDE OIL support and resistance levels

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