- Nifty has closed below 20 day sma AND 23.6% Fibonacci level.
- Nifty Hour is at the crucial 200 Hour SMA. Bears of nifty need a breakdown below this level. Getting support at this moving average will result in a bounce.
- Hour chart also shows price near previous resistance levels which may result in an oversold bounce.
- S&P 500 EOD UPDATE
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