May 28, 2012

NIFTY and INDIA VIX Analysis



  • Week MACD and stochastic suggests a possible up move But as shown in the 3rd chart price need to sustain above 5 Week LOW EMA and breakout above 4960 levels for a bigger up move to happen.
  •  Failure to trade above 4960 will result in another down move.
  • HEAD AND SHOULDERS OF HINDALCO



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