November 18, 2013

NIFTY Chart update

  • Price found support at 50 Day SMA. Price may target the 20 Day SMA for this bounce.
  • One has to look for weakness near golden ratio which is around 6200 levels. Sustaining above the 6200 may retest the all time high again.
  • For nifty bulls today's gap up should close near the high's to confirm strength.

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