February 26, 2015
- Nifty Daily chart shows immediate support and resistance levels. Weakness if price stays below 8726 levels.
- 2nd chart shows Diverging price and RSI Channels. This is a negative setup which needs confirmation. Price needs to break below this pattern for this one to work well for bears.
- Another support is the the Rising 100 Day SMA. Attempts by bears to stay below this line has failed so far. Bigger weakness if price stays below this line.