March 27, 2015

Nifty Chart analysis

  • Nifty weekly chart shows price below 20 Week SMA. Recent dips below this level did not last long. Bulls managed to recover without much damage. This time price movement looks different.
  • Crucial supports on the way down are 200 SMA and the rising support line from 5100 levels.
  • NIFTY's Bearish Engulfing and Month candle

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