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Friday, March 9, 2012

EOD Analysis CNX Nifty - 09 03 2012 - Between the DMA and the Wall

Nifty - End of Day - 09 Mar  2012
The Nifty took support exactly on the 200 DMA (Intra-day) yesterday, as we studied here (go here for post 
The Nifty crossed back above the 34 EMA also today. Our note that the 34 EMA and 200 DMA are good supports (go here for post) played true.
The cross of the 34 EMA over the 200 DMA looks good even now. 
Notice the volume action.
Between our Wall at 5484 and the 200 DMA currently around 5165, is the battle zone for now.