Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 1, 2014
NIFTY Chart analysis
Nifty daily chart shows price bouncing from the support zone. Nifty bulls also had the lower bollinger band at this level.
Immediate resistance at 20 day sma.
Weekly chart shows the bearish candle leading price towards 5 Week Low EMA. Only a weekly close below this line will extend weakness.
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