October 28, 2010

Nifty daily analysis

  • Nifty has closes well below 20 sma and the 5 day low ema showing weakness.
  • Most of the recent closes below 5 day low ema has been bought by the bulls so we may see that happen again.
  • Daily chart is also showing a triangle shaped consolidation which may give good direction
  • NIFTY FUTURES SUPPORT LEVELS

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