July 18, 2011

NIFTY Intraday Update

CHART-II
  • Nifty continue to stay below 50 Hour Moving average.
CHART-I
  • For bears they have to break and stay below 5563 level.
  • For bulls they should break above 50 Hour moving average. But for them the resistance line and 5653 level may act as tough resistance.
  • As of now both sides have equal chance. But price is close to the apex of a triangle like pattern. So nifty will take a clear direction soon.
  • NIFTY WEEKEND UPDATE

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