My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 13, 2015
Nifty support and resistance levels
50 Day SMA 20 SMA and 38.2% Fib levels are possible support levels. Week needs a close above 20 Week SMA for bigger up moves to happen. Last attempt to close above 20 SMA Failed. Weekly candle looks bears, If price struggles to cross above 20 Week SMA correction is possible.