September 2, 2011

NIFTY Daily Analysis

  • Nifty is running into resistance levels.
  • 20 Day SMA acts as strong resistance during a down move. If price manage to cross that then nifty has to cross 38.2% Fib levels.
  • Daily indicators are triggering a Buy, Weekly indicators have also started to turn up, But price has to follow up for bulls to make gains.
  • GOLD IN A RANGE
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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