September 3, 2010

NIFTY daily chart analysis

  • Nifty is trading above its 20 day moving average. It has also closed above 5 day high ema.
  • Nifty daily time frame is trading in a range of 200 points from 5351 - 5549.
  • In the 3rd chart i have marked a resistance line, If nifty crosses that line convincingly we can see good upward momentum.
  • Dow Jones analysis after closing bell

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