Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 5, 2016
NIFTY Chart analysis
Nifty hour has fallen below 50 Hour SMA. Price earlier showed weakness as it neared 200 Hour SMA.
Its also another dip below 200 SMA. Now if the correction continue Bulls must hope for a double bottom formation around 7900 levels.
Crucial levels for the fall are 8000 and 7916.
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