Nifty 50 stocks study charts

Wednesday, May 22, 2013

Nifty 22 May 2013 9:39 AM

                                                                30 mins chart

 Nifty is facing resistance at the lower trend line of the channel ( shown with red color). Gap up opening is a positive sign but yesterday the way nifty did not sustain on higher level and gave up all the gains seems to be a bearish. Today's Ben Bernake's statement may help give nifty a direction tommorow.

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