September 24, 2010

Nifty daily analysis

DAILY CHART
WEEKLY CHART
  • Nifty is showing some weakness after closing below its 5 day high EMA.
  • But weakness on weekly chart is still not visible, If the present week closes around 5920 levels we may get a shooting star pattern which will be a bearish candlestick pattern. Closing near the high of the week will favour the bulls again.
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