Nifty Weekly View for Week 9-14 May
Nifty Hourly Chart
On Hourly chart Nifty took support at the down trending trendline as shown in chart. 5450 levels proved to be a good support and a bounce back materialized from that levels ending the loss making streak of Nifty from past 9 sessions.
Nifty closed the week with a loss of 3.4% shaving off 200 points. 5 EMA and 20 SMA has generated Buy on Hourly charts but longs should be traded be cautious and use the rally to make shorts on higher end till Nifty does not close above …
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On Hourly chart Nifty took support at the down trending trendline as shown in chart. 5450 levels proved to be a good support and a bounce back materialized from that levels ending the loss making streak of Nifty from past 9 sessions.
Nifty closed the week with a loss of 3.4% shaving off 200 points. 5 EMA and 20 SMA has generated Buy on Hourly charts but longs should be traded be cautious and use the rally to make shorts on higher end till Nifty does not close above …
Read the full story »
posted by Bramesh at
2:43 PM
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