NIFTY Weekend update

• NIFTY is near the Up trend line in daily chart. This line has held so far more correction only if this one breaks.
• Price has closed below 50 Day SMA. During this up move from 4770 levels all closes below 50 SMA is followed by up moves. Bulls are hoping this happen again.
• Weekly chart shows MACD nearing a sell signal. Price managed to close below 5 Week LOW EMA. Sustaining below this line will add strength for the MACD Sell signal.
• NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH

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