- Nifty Week is resting at a crucial price zone. 9700 and 20 Week SMA has to be protected by Nifty bulls to avoid further correction.
- Nifty bears must defend 50 Day SMA as shown in last chart. Staying below 50 Day SMA Bears will be able to extend correction further.
- Bearish view will negate only if Bulls are able to get back above 50 SMA again.
- NIFTY Month Week and Daily charts
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