Sunday, January 3, 2010

What does Nifty long term chart indicate?





According to daily and weekly Nifty charts, few queries are there:

Is Nifty breaking 5250 next week? If yes, then next is that whether it is sustaining above 5250? If yes, then is it testing 6450 in the next 6 months?

ADX is still not strong enough. As per ROC bulls are becoming stronger than bears. RSI is locating at the middle of oversold and overbought zones. What MACD indicates in the daily and weekly chart?

Please post your comments.

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