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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