- Nifty Future has developed positive divergence in MACD
- Taking support at 38% retrenchment of long from 4531 to 4630
- If this is really a bull market then a flag formation in bigger horizon has been developed and poised for breakout.
- As per EW analysis, Nifty future has completed "C" of corrective wave II
Friday, April 6, 2012
Nifty five hour chart
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