August 8, 2013

NIFTY Death cross at support levels

  • Nifty Daily chart has given a Bearish Death cross. But the crucial event is happening at a crucial support level.
  • Weekly chart is near 100 Week SMA.
  • These support levels may give a dead cat bounce and if the Death cross is to do well this bounce will be followed by a break below the above mentioned support levels.

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