- NIFTY Month chart shows price closing above 20 Month SMA and 5 Month High EMA after many months of failed attempts.
- Weekly chart testing previous resistance level of 5735.
- Daily chart continue to sustain above 10 Day EMA. Daily candle looks similar to a shooting start not perfect but looks bearish, One negative for bears here is that price closed above 5 Day High EMA.
- Crucial levels in daily time frame is shown in last chart.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 29, 2012
NIFTY Weekend update
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San
ReplyDeleteYour stuff is always Gr****8.
Thanks and Regards Always !!!
Thanks for the comment Manish
ReplyDelete@San,
ReplyDeleteBrilliant Charts and perfect conclusion...
@Sanjay Jaiswal
ReplyDeleteThanks for the encouragement.