January 20, 2017

NIFTY Intraday update

  • Intraday bears need price to stay below 50 Period SMA. Bigger weakness only if price stays below 8373. Below 8373 price may target the GAP between 8293 and 8322
  • For Bulls need a Weekly close above 20 Week SMA or Middle bollinger band. Today being the last trading day of the week Bulls need a close above 8416 which is the 20 Week SMA.
  • CRUDE OIL Support and Resistance levels

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