January 10, 2012

NIFTY Analysis

  • Price is also near Week high EMA. For an up move to happen weekly candle should close above it. Getting resisted here will be negative.
  • Oversold stochastic may keep the bulls interested. But in daily time frame it is overbought. So its better to look at the price range and closing values first before looking at the indicators.
  • COPPER IN A TRIANGLE PATTERN
  • USDINR FALLING TOWARDS THE TREND LINE

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