Nifty Weekly Technical View
Nifty Futures Technical View
As seen from the attached daily chart we did a break above 34 EMA and triggered SL for many longs also as discussed from last week Nifty Technical View 5110 was trend line resistance and above that we can move till 5190 Levels we did move to 5147 levels but as Non Farm Payrolls came pretty bad and dow tanked 3% and we should accept a huge gap down and probably we may open sub 5000 levels.
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As seen from the attached daily chart we did a break above 34 EMA and triggered SL for many longs also as discussed from last week Nifty Technical View 5110 was trend line resistance and above that we can move till 5190 Levels we did move to 5147 levels but as Non Farm Payrolls came pretty bad and dow tanked 3% and we should accept a huge gap down and probably we may open sub 5000 levels.
Read the full story »
Labels: inverted head and shoulder pattern, Nifty Weekly Technical
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