Nifty 50 stocks study charts

Friday, May 17, 2013

Nifty 17 May 2013 9:34 AM

                                            30 mins chart

Nifty after moving up now looks tired and trading sideways in horizontal trading channel.

Remember this is the month of May and historically markets have closed in RED on monthly basis in the May and this May 2013 whether it proves to be an exception is to be seen but traders should be cautious on higher levels.

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