November 10, 2010

Nifty daily analysis

DAILY CHART
NIFTY WEEKLY CHART
  • Daily chart shows price near the apex of  a pattern or trading near support and resistance lines which are converging and should give good direction from here.
  • 6338 which was the high made in nifty during last week is yet not crossed. 
  • Any correction will be supported by the weekly trend line. major trend change only when the trend line breaks.
  • DOW JONES ANALYSIS AFTER CLOSING BELL

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