March 7, 2012

NIFTY Weekly chart Analysis


  • Week o nifty has fallen below 50 SMA. Closing at these levels may strengthen bears.
  • Weekly stochastic is showing a sell signal. 
  • Previous support resistance level between 5170 -5200. Weekly closes below this level will add to the bearishness. 
  • Last chart shows the fibonacci levels with the weekly channel resistance line which may act as support now.
  • S&P 500 EOD UPDATE
  • USDINR UPDATE

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