November 1, 2010

Nifty daily analysis

  • The first chart shows nifty line chart taking support between 5950 - 6000 area. In fact nifty has made 4 attempts to go up from this area.
  • second chart shows nifty approaching 50 DMA. The chart also shows the important support of 5932 the down trend line and 50 DMA all at one place. So some action can be expected from this area

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