March 29, 2012

NIFTY Chart Analysis

  • Stochastic has reached oversold levels, Now for bulls price has to sustain above 200 SMA for a turnaround to happen. Closing below 200 SMA will strengthen bears further.
  • Price has been closing below 5 Day HIGH ema. For a turnaround to happen price has to close above 5 Day High EMA.

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