Nifty 50 stocks study charts

Wednesday, January 14, 2015

Nifty 14 Jan 2014

                                                                    daily chart

As I had mentioned in my previous post that nifty should hold the white trend line for further strength upside. But it closed below it yesterday and now trading in red territory are signs of further weakness. Nifty will be weaker if it breaks 8180. Above 8180 there is room for sudden upside.

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