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NIFTY Update after a Long Break

I AM SHIFTING TO A NEW HOUSE AND DEALING WITH PERSONAL ISSUES SO UNABLE
TO UPDATE CHARTS ON TIME. HOPING TO FINISH THE SHIFTING PROCESS IN A WEEK OR TWO AND WILL COME BACK TO REGULAR CHARTING.  
   




  • Nifty Bulls are trying to protect the crucial 50 Day SMA. 
  • Daily chart with MACD is showing negative divergence but price is yet to show any weakness.
  • Price yet to test the up trend line shown in chart 4. For bears price must break below the trend line, 50 day SMA and 7422 levels to confirm weakness.

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