Stock Market Chart Analysis: NIFTY Chart analysis

June 12, 2012

NIFTY Chart analysis

Nifty unable to sustain above the levels mentioned yesterday. which are 50 and 200 Day SMA. Week candle was unable to sustain above 50 Week SMA.
Price is unable to sustain above the falling resistance line. Crucial resistance if the up move continues is around 5160 - 5190 level.

2 comments:

sometimesbullsometimesbearJune 12, 2012 at 9:40 AM
Early morning it is a treat to read ur post and then start trading. Thx. San.
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SanJune 12, 2012 at 6:15 PM
@sometimesbullsometimesbear

Thanks for that comment.
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