July 23, 2012

NIFTY Chart analysis

  • Weekly middle bollinger band or 20 Week SMA at 5165 is crucial support level.
  • Week falling below 5165 would strengthen the weekly stochastic sell signal. Bears also need a weekly close below this level.
  • Crucial support in daily chart are 50 SMA(5086) and 200 SMA(5095)..
  • BANK NIFTY CHART UPDATE


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