July 9, 2014

NIFTY Chart analysis

  • Nifty Has been diverging negatively for sometime now. Price and RSI shows Negative divergence as shown in 3rd chart.
  • Follow up correction only if price starts to trade below 20 Day SMA.
  • Crucial support levels for the medium term are 7441 and the Rising 50 Day SMA. 

1 comment:

  1. FOREX CALL: SELL EUR/USD BELOW 1.2615 TG-1.2600/1.2580/1.2550 SL-1.2640
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