July 30, 2016

Nifty weekend update

  • Nifty Month chart shows price completing another bullish month. Question is will Nifty bulls form the 6 the Bullish candle.
  • Weekly chart continues to show divergence But price yet to show a lower low. Price continue to inch higher.
  • For next week last candle high 8674 is crucial. Staying above it is bullish. For bears need to do more. For a possible reversal or weakness to confirm price must trade below last weeks candle.

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