Saturday, May 26, 2012

NIFTY CHART ANALYSIS


NIFTY SPOT DAILY CHART

RESISTANCE @ 4956 - 4976 - 5040

SUPPORT @ 4804 - 4789

20 SMA WILL ACT AS RESISTANCE @ 4995


TRADING RANGE BETWEEN 4789 - 4956

BULLS HAVE TO CLOSE ABOVE 4943 FOR ANOTHER UPMOVE.CLOSING BELOW 4836 MAY LEAD STEEP FALL..20 SMA @ 4995 WILL ACT AS RESISTANCE..


NIFTY SPOT WEEKLY CHART
RESISTANCE @ 4857 - 5099
SUPPORT @ 4789


5 WEEK SMA @ 5010 WILL ACT AS RESISTANCE ...







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