Tuesday, May 22, 2012

Will it head past the channel line at 4950?

Or will face resistance at this level and reverse?
Currently it is just above the 5 DEma and is waiting for a push. If crosses the channel line confidently and stays above it then it may attempt to cross 5000. Key is to stay above 4861 a key level observed in the recent past.
NIFTY:




OI:

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