- Nifty closed near the crucial price pivot zone of 5180 - 5200 which has seen many price rejections. Being a weekly close day today price has to close above this level and weekly Middle bollinger band to extend the up move.
- Daily chart with Ichimoku cloud shows another attempt to breakout above the cloud. Failure for second time will be negative.
- Bears need price to close below 50 Week SMA for a possible trend change in daily time frame.
- S&P 500 EOD UPDATE
Good Morning San, Thanks for the Clear view again.
ReplyDeleteGood Morning Prabakar
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