Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 5, 2013
NIFTY Chart update
Nifty daily chart has fallen below 200 Day SMA.
Weekly chart shows price near crucial support level of 50 Week SMA(5544).
Last chart also shows RSI nearing oversold zone. Price is yet to forma a bottom formation so more fall is possible before an oversold bounce can be seen.
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