January 24, 2017

NIFTY Morning update

  • Weakness in daily only on closing below 200 SMA and the GAP area. 
  • Hourly weakness starts on sustaining below the cloud.
  • Strength only on closing into or above 8400 - 8460  zone. the Upper shadows of weekly candles formed from this zone shows possible resistance zone for now. Bulls need a weekly close above this level.

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