NIFTY Analysis
- For bulls of nifty price has to close above 20 SMA. Price sustaining below 20 SMA will favor bears.
- 20 SMA is at 4920.
- Week Low EMA is at 4837 which may act as support level, Breaking below 4837 may push nifty towards the weekly support levels again.
- So for bulls price should hold above Week low EMA and break above 20 Day SMA.
- Line chart shows price getting resisted at previous support Resistance level. This level should be crossed for a bigger up move to happen.
- CNX IT CHART ANALYSIS
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