May 22, 2012

NIFTY Chart analysis


  • Nifty tested 5 Day High EMA after a long Gap and came down.
  • Daily MACD is looking good so for a trading bounce. But need price to stay above 5 day High EMA.
  • Last chart shows fibonacci levels which may act as resistance if the trading bounce does come.
  • USDINR CHART ANALYSIS



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