August 7, 2012

NIFTY Chart analysis

 

  • Nifty is testing the triangle resistance line in daily chart.
  • Last chart shows price above 5 Week High EMA (5256). Sustaining above 5256 level should extend the current up move towards the weekly resistance line.
  • Week trading or closing below 5256 level will be negative.
  • RELIANCE CHART UPDATE
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