February 14, 2014

Nifty chart analysis



  • Daily chart unable to move past 20 and 50 Day SMA has fallen towards 200 SMA again.
  • Weekly stochastic is yet to reach oversold zone. If the recent low near 5930 and 200 SMA is not held a bigger down move is likely to be seen. 
  • Bulls need price to show consolidation near 200 SMA for a possible up move to happen.


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