NIFTY Chart update

• Nifty daily could not sustain above 20 Day SMA. Bulls need a daily close above this level to sustain the up move. A bearish candle here means correction may follow.
• Price falling below 50 Hour SMA could trigger a bigger fall.
• Price sustaining above the 30 Minutes trend line could give an intraday up move.
• SBI ANALYSIS BEFORE POLICY