March 10, 2016
- Nifty month chart is trading near the Down trend line and the up trend line. For the next big move price need to close above or below these lines.
- 2nd chart weekly line which shows weakness near 20 Week SMA. So for bulls price has to close and sustain above 20 Week SMA to avoid the trend.
- Daily chart is trying to stay above 50 Day SMA. Price closing back below 50 Day SMA will strengthen bears again.