Monday, May 17, 2010

200 EMA approching at 4891

Less the time Nifty will take to touch 200 EMA i.e 4891, powerfull would be the bounce back.

Nifty may be in a flag formation or in a traingle formation both are bullish in nature.

Data suggest mild bearish, tecnical also suggest bearish, But if Nifty start making the triangle, bulls will be there

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