December 23, 2010

Nifty Daily Analysis

  • Nifty is getting resisted at 50 DMA. We had a bearish cross of 20 below 50 recently and nifty rallied twice to this area and found resistance there. I feel nifty will breakout on the next attempt.
  • Breaking below the support line will be negative and 20 DMA may act as support in this case.
  • CRUDE OIL SUPPORT AND RESISTANCE LINES
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