- Weekly Stochastics Chart Show Mid Point Crisis and Bullish Reversal Signal
- Weekly line chart shows a crucial support resistance line. Weekly close above this line will strengthen bulls further.
- Bulls need to close above 100 Week SMA and the falling resistance line for gaining momentum.
- Weekly upper and lower bollinger bands has acted as turnaround levels in the recent past. If price moves above 100 Week SMA then it could lead to upper Bollinger band at 5450.
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Aug 11, 2012
Nifty Weekly Chart Update -13Aug2012
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