Nifty Daily Analysis

• Nifty week is showing resistance at 5751 on closing basis.
• If price clears this level on closing basis then nifty will move towards 5857 level.
• Price has stayed above 200 DMA which will favor bulls. For bulls price should sustain above this level. Things will get weaker for bulls if price starts to trade below 200 DMA.
• Death cross has not given anything for bears till now. This one is going similar to the death cross in U.S markets recently which resulted in a bull market.
• S&P 500 ANALYSIS AFTER CLOSING BELL