February 25, 2016

Nifty intraday update

  • Nifty one hour chart shows price near 6961 which is a crucial number for bulls to hold above. Violation of it could lead to a test of the recent lows. 
  • Its a strong trend even in the smallest of time frames. 5 Minutes trending below the cloud. Bulls need to break above it to arrest the fall. 
  • Strength if stays above 7031. Weakness below 6998 as shown in 5 Minutes chart.
  • S&P 500 Analysis after closing bell

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