NIFTY Daily Analysis

• Price took support @ 20 Day moving average yesterday.
• For selling to pickup price has to break and close below 20 day moving average.
• In weekly time frame the candle is forming below the middle bollinger band that is the 20 week moving average. For bulls if they need to push prices up they have to break up above 20 week moving average. For bears if things stand like this it will be easy for them to push prices down towards the lower Bollinger band.
• 20 DMA was @ 5551
• 50 DMA was @ 5505 Yesterday's values .
• S&P 500 EOD ANALYSIS