Nifty Daily Analysis
- Nifty Week shows price approaching the support line of the triangle formation in weekly chart. For a perfect touch on the support line to happen nifty should break 5400.
- Stochastic in daily chart and other indicators are showing oversold status which can give a trading bounce. But if this is a bigger trending market then the oversold indicators will stay oversold and Nifty will continue to move down.
- Nifty week line chart shows good support between 5300 -5450 level.
- EURUSD CORRECTION IN A BULL MARKET
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