September 3, 2012

NIFTY Chart analysis

 
  • Nifty Daily chart shows support near 50 Day SMA and the rising support line.
  • Fibonacci levels too price bouncing from support levels.
  • Weekly chart is seeking support at the cloud. Shooting start pattern of weekly chart continues to look good for bears.
  • Last chart shows another month loosing momentum and closing below 5 Month High EMA.
  • BANK NIFTY WEEKEND UPDATE


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