Nifty in daily chart is at crucial support regions. The region of 5350 if broken can take us down to 5200 levels. The oscillators like RSI and stochastics are in oversold regions. We might expect a slight pullback but this should be used as exits. As of now 5600 is still the resistance area.
The weekly chart shows Nifty in a downward channel but at crucial supports. If this region is broken decisively then we are headed for 5150-5200 levels.
2 comments:
Sir You are turning bear from bull?
follow the trend!!
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