Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 28, 2012
NIFTY Support and resistance levels
NIFTY Closed above 20 and 50 Day SMA. This level should now act as support.
Line chart shows price still in a consolidation range. For bigger move price has to resolve this pattern.
Weekly chart shows price above 5 Week High EMA. Only a closing value above High EMA will confirm strength.
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