March 14, 2012

NIFTY Chart Analysis

  • Daily has closed above 20  SMA. 
  • Week should also move above 5 Week High EMA today. 
  • Dip from 5629 started from just above the Ichimoku cloud as shown in weekly chart. Now if the week manage to close above the cloud again we could see bigger up moves. 
  • Weekly candle closing above 5 Week High EMA should add strength for bulls.
  • S&P 500 EOD UPDATE

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