Nifty Weekly Technical Bears Overpowering Bulls
Nifty Hourly Charts
Nifty Hourly charts are in sell mode from 5870 as shown in charts having combo of 5EMA and 20 SMA. On Higher side trendline resistance is coming from 5900+ levels and lower end downside is open till 5630 levels as of now.
Remember:Market always move in direction of least resistance.
Hourly charts Nifty is oversold and dead cat bounce from 200 DMA@5745 was excepted and it did last hour of trade.On Hourly charts till Nifty does not close above 5 EMA High every rise should be used to SELL
Nifty Daily …
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Nifty Hourly charts are in sell mode from 5870 as shown in charts having combo of 5EMA and 20 SMA. On Higher side trendline resistance is coming from 5900+ levels and lower end downside is open till 5630 levels as of now.
Remember:Market always move in direction of least resistance.
Hourly charts Nifty is oversold and dead cat bounce from 200 DMA@5745 was excepted and it did last hour of trade.On Hourly charts till Nifty does not close above 5 EMA High every rise should be used to SELL
Nifty Daily …
Read the full story »
posted by Bramesh at
2:26 PM
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