September 21, 2012

NIFTY Chart analysis




  • Price showing weakness near golden ratio.
  • Weekly line chart too shows price near crucial support resistance level. 
  • Week high EMA at 5511 is a crucial level. Closing the week above this level will keep the bullish options intact.
  • Last chart shows another monthly candle loosing gains. Unable to close the month above 5 Month High EMA will be negative for bulls.


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