August 9, 2012

NIFTY Resistance levels

  • Nifty testing the falling resistance line in weekly chart.
  • Weekly chart is also reacting from 100 Week SMA (5386).
  • Cup and handle breakout need bullish candle with increasing volume. But we have a negative candle to start with so bulls must be careful and want price to trade above 5400 to confirm bullishness.
  • CRUDE OIL RESISTANCE LEVELS


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