July 29, 2011

NIFTY Closed below 50 DMA

  • Price has closed below 50 day moving average.
  • Closing price is also below 5 Day Low Ema.
  • If price continue to stay below these levels it will move towards the lower Bollinger band shown in weekly time frame.
  • Bulls need to go back above 50 DMA.
  • 5 DAY Low EMA is @ 5527
  • 50 DMA is @ 5518
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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