January 21, 2011

Nifty Daily analysis

  • Nifty is moving in a sideways direction for the past few day's.
  • Break of either the 5 day high ema or the 200 Sma can give good direction.
  • Price and stochastic are hinting at an oversold bounce. to be confirmed by a close above 5750 - 5770 area.
  • SILVER CHART ANALYSIS

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