June 18, 2012

NIFTY Chart Analysis



  • Price closed the week above 50 Week SMA as shown in last chart.
  • Multiple resistance levels near 5180 - 5210 zone has to be crossed by bulls for  a bigger breakout.
  • Price is also trading above 200 and 50 SMA. Price falling below these levels on closing basis will be negative for bulls.
  • BANK NIFTY WEEKEND UPDATE
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1 comment:

  1. nifty.senseJune 18, 2012 at 5:52 PM

    for reliance updates....
    http://niftysense.blogspot.in/

    ReplyDelete

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