- NIFTY Moving towards the top of the range (5448).
- Second chart shows another monthly candle trying to stay above 5 Month High EMA. Recent attempts to close above it has failed.
- Last chart shows Price nearing a possible resistance line from 5944 - 5629 - 5448. So nifty closing the week above 5448 may help bulls to extend this up move further.
- HINDALCO CHART ANALYSIS
well at 1:30 there is important news that are coming from Europe from Germany regarding EU's unlimited bond buying. So if everything goes positve then from Europe then nifty will surely tresspass 5450 levels this time & one can see huge short covering. Also Dow can also climb very near to its all time high & so is S&P.Lets see where nifty closes today or at the end of this week.
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