November 17, 2016

NIFTY Testing 200 Day SMA

  • The Descending triangle in daily chart shows the near 500 points breakdown. Price broke down,bounced from 200 Day SMA, Retested the broken triangle and fell again.
  • Price is testing 200 SMA again. Bears trying to keep price below the crucial moving average. But for bears the crucial number will be 8000.
  • Hour chart shows immediate support zone between 8000 and 8100.
  • CRUDE Oil chart analysis

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