Nifty is making quicker moves in an hurry to test 200day MA(3443 levels) with heavily overbought markets.And Right Now 55 Weekly EMA is coming near 3533(Check Previous Post ). These are the two levels for traders and investors to watch where profit booking could be kicked in.
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4350 is the Key Support for Nifty : P&F Charts
P&F Charts shows that 4350 holds the key Support. Nifty testing below 4350 warns a bearish double bottom breakout Source:
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The Big Picture behind Nifty
Lets have a look about the Big Picture behind Nifty. Charts shown here is the 10 Year - Yearly Chart for Nifty with 5 Simple EMA Indicator. Applying our 5 EMArule (Buy - if […]
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