June 26, 2012

NIFTY Channel updated



  • Nifty getting support near 100 Hour SMA and price is also near the channel bottom. For bears both these level need be broken. Sustaining above this level could give an up move.
  • Below the channel next price cluster is near 5040 - 5050 levels. And the 20 Day SMA showed in the daily update too is near this level.


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