March 14, 2013

NIFTY Chart update

 
  • Nifty closes below the cloud. Price sustaining below the cloud may lead to a bigger fall.
  • Daily chart is testing support levels. Weakness from golden ratio has taken Nifty to 38.2% fib level. Price is also at 20 Day SMA. These two levels must break for the down move to continue.
  • AIRTEL HEAD AND SHOULDERS
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