Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 28, 2011
NIFTY Hour Trend update
Nifty hour chart with 200 and 50 Hour SMA
Up move was resisted at 200 Hour SMA.
Now price is testing 50 hour SMA.
hour candles closing below 50 hour SMA will turn the trend in favor of bears. For bulls price need to stay above 50 hour SMA.
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