Nifty 50 stocks study charts

Thursday, March 26, 2015

Nifty 26 March 2015

                                                                      daily chart

Now after gap down opening, nifty is trading near 8470 the level where nifty had taken support previously on 10th Feb 2015 and then we saw rally of more than 500 points and new life time high. Holding this level gives confidence to bulls for more upside from here. And if nifty breaks down from it and sustains below 8470 then downside continues. 

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