June 4, 2010

NIFTY ANALYSIS FOR THIRD JUNE

  • Nifty closed outside the channel with strength
  • closed above the 20 day moving average.
  • 20 day sma and 5 day ema  crossover has taken place.
  • MACD is in positive territory.
  • Since price closed above the 20 day SMA keep your longs with trailing stop loss.

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