December 22, 2012

NIFTY Weekend update

  • Daily MACD has given a sell. If price trades below the trading range we could see a correction towards the up trend line in  daily chart.
  • For bears price closed below 5 Week High EMA. Further break below 5 Week CLOSE EMA will add momentum on down side.
  • Read 5 Week SMA as EMA in weekly chart

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