July 22, 2010

Nifty weekly chart with stochastic

NIFTY WEEKLY CHART
  • Nifty weekly chart with stochastic indicator.
  • The indicator is in overbought zone and is yet to show any weakness.
  • Index is also respecting the weekly trend line.
  • A Break of the trend line coupled with a sell signal in stochastic should be a good place to go short.

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