Monday, January 9, 2012

Nifty Outlook for Jan 9

  1. Nifty has successfully managed to closed in the channel, and it has already touched the based of it. We can safely assume to higher close on Monday if this channel keep intact.
  2. Slow stochastic is bullish with increasing volume is also favoring bulls.
  3. Nifty is still above 20 DSMA which happen to middle of bollinger band.

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