NIFTY WEEKLY CHART
- Nifty has broken down from the raising wedge in daily chart. Break of 5350 on closing basis will speed up the correction.
- Nifty has closed below day low EMA and 20 Day moving average.
- Nifty week has formed a bearish candle.
- The last chart shows clear support for bulls at 5350 levels. The support line has held so far an up move from here cannot be ruled out.
- RELIANCE INDUSTRIES TRIANGLE BREAK DOWN