May 28, 2016

Nifty weekend update

  • Nifty Month continues to look good for bulls. 
  • Daily is doing a golden cross. Performance of this one depends on how much time price is going to trend above 50 SMA. Weakness comes back if price closes below 50 SMA again.
  • Next crucial resistance level is near 8300 levels as shown in last chart.
  • S&P 500 ASCENDING TRIANGLE
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