Nifty resistance line and 50 hour moving average

CHART-II

• 50 Hour moving average and the trend line joined together to pull NF down. 

CHART-I

• Hour chart with trend line and the 50 hour moving average.
• The current hour is resisted by both the moving average and the trend line.
• So if nifty manages to break above it will gather good momentum.
• But possibilities are NF may face resistance here.