- For nifty bulls price need to stay above 50 Hour SMA and the rising support line. For a bigger reversal to happen price should also move above 200 Hour SMA. If price continues to stay below 200 Hour SMA we are possibly seeing a bearish flag kind of consolidation. So its crucial for bulls to close and stay above 200 Hour SMA Otherwise the lows may get tested again.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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