August 30, 2016

Nifty intraday update

  • Nifty one hour chart shows the broad range in which price is trading for now. Price is moving towards the upper end of the range.
  • Daily time frame shows price taking support at lower BB. Price for now is staying above 20 SMA. for now price is in bullish zone of the Range. Weakness only if price falls back below 20 SMA.

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