Nifty 50 stocks study charts

Tuesday, February 25, 2014

Nifty 25 Feb 2014 8:19 AM

                                                                        daily chart

Nifty after facing resistance at 100 DMA (at 6160) finally broke it yesterday and managed to close with higher high at 6186 which indicates more upside from here. Level of 6242 (previous base at higher level) and also the gap it made last month in a downtrend (6266-6186) should act as a resistance.

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