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Tuesday, October 19, 2010

BEARS SMILING

After a month long bully rally market has eventually given a respite to bears. And its quite evident from the charts. Nifty EOD and weekly charts has shown similar signal i.e. dark cloud cover and we can percieve it a little correction



NIFTY  EOD CHART


NIFTY WEEKLY CHART
During this bull rally 5 day EMA has been a good support in EOD chart  whereas in weekly chart 13 and 34 day EMA has been support off and on.

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