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Nifty Futures witnessing selling pressure from resistance - Chart updated on 12th May 2015, Tuesday.


NIFTY FUTURES


Nifty futures witnessing selling pressure from 38.2% fibonacci retracement and 20 days moving average in daily chart, technical indicates nifty will favor bears as long as it trades below.
If falls further then it will find strong support at its previous bottom. Even its major trend indicator "MACD" if moving in negative zone this will favor bears its other trend indicator "Stochastic Oscillator" is so far moving in positive zone once its too turn negative then we can see some further weakness. Close Watch.
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