- NIFTY Bulls could not clear the weekly resistance levels clearly.
- Bulls must trade above 5400 for achieving higher targets. Week sustaining above 5 Week High EMA currently at 5323 will keep the bullish hopes alive.
- Weakness below 5348 as shown in last chart. Closing week below 5323 which is the Week High EMA should give a bigger correction.
Posted by San at 7:56 AM
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.