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October 17, 2012

Nifty resisted

Yesterday also Nifty could not sustain above the trendline in Hourly chart. Today morning also after a gap-up opening it slipped below it. Important figures for today:
10D EMA = 5679
5D EMA = 5675
5D HEMA= 5715
5D LEMA= 5650

Currently nifty is at 5666 i.e. below 5D EMA.


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