July 31, 2012

NIFTY Chart update

  • Nifty daily could not sustain above 20 Day SMA. Bulls need a daily close above this level to sustain the up move. A bearish candle here means correction may follow.
  • Price falling below 50 Hour SMA could trigger a bigger fall.
  • Price sustaining above the 30 Minutes trend line could give an intraday up move.
  • SBI ANALYSIS BEFORE POLICY


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