Nifty @50 SMA
Nifty Sold of for 4 day in a row for high of 6180 to low of 6020 which is 50 DMA. 50 DMA has a significant support for nifty and yesterday it bounced after touching the 50 DMA.
On Hourly Charts we are oversold and a bounce should come either today or monday.
Banks are weighing heavily on Nifty,Bank Nifty has corrected almost 7% in past 3 trading sessions.If Nifty were to bounce bank nifty support should be present.
SBI closed below 200 DMA of 2650 which is a bearish indicator but we …
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On Hourly Charts we are oversold and a bounce should come either today or monday.
Banks are weighing heavily on Nifty,Bank Nifty has corrected almost 7% in past 3 trading sessions.If Nifty were to bounce bank nifty support should be present.
SBI closed below 200 DMA of 2650 which is a bearish indicator but we …
Read the full story »
posted by Bramesh at
8:01 AM
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