June 25, 2015

BIDU Chart analysis

  • Bidu testing the falling resistance line. Price is also closing in on 200 Day SMA.
  • Stock will stay bearish below 200 Levels. Hope for bulls only if price sustains above 200 Day SMA.

Nifty Trading levels

  • Nifty shows first signs of weakness at 200 Day SMA. Bears need a close below 8334 which is the 2 day low to extend weakness. Bulls will continue the up move above 8421 towards the 8500 resistance zone shown in last chart.