April 17, 2012

Nifty - Daily Update - 17th April 2012


Nifty daily chart

Keep eye on 50 EMA - 5254, above that can have a quick 40 point upmove.

Keep in mind big day today - RBI meeting. No rate cut may lead a drop as 25 basis point cut is already discounted by market.

Prefer watching the day's event to start a fresh trade.

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