July 19, 2012

NIFTY Chart Analysis


  • Nifty daily chart getting support at 100 Day SMA. For bears this level must break for further breakdown.
  • Weekly stochastic is showing overbought levels and will be effective as long as price sustains below the falling resistance line.
  • For a bigger up move price must stay above the lines and 5370 level as shown in weekly line chart.
  • S&P 500 EOD UPDATE


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