March 14, 2018

NIFTY Resistance zone | 4 Hour Ichimoku cloud update

  • NIFTY Day shows price stopping at 100 SMA for now.
  • 20 Week SMA and 4 Hour charts doing the same for Nifty bulls.
  • Bulls need a weekly close above 20 Week SMA Failing to do so may result in a fall towards the lower bollinger band, Which means another test of 200 SMA.
  • One positive for bears is that if too many feel the resistance is strong then the counter trade is possible.

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