March 20, 2012

NIFTY Chart Analysis

  • Price near 50 Day SMA. Last fall to 200 SMA resulted in a bullish move. Now its the test of 50 Day SMA. Trading below this level will lead to a fall towards 200 SMA.
  • Price closed below 5 Day low EMA again. For a trending down move to happen bears need to break crucial support levels.
  • S&P 500 EOD UPDATE

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