- Nifty is testing its 100 week sma. Last time price did give a bounce from this line as shown in first chart.
- Although daily MACD Looks good for bulls, price need to sustain above 7900 levels for strength. 8050 is another strong resistance zone. Weakness if price starts to trade below 7690 levels on daily closing basis.
November 24, 2015
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.