March 19, 2018

NIFTY Violates 200 SMA

  • Nifty falls below 200 SMA.
  • Bears need a daily close below this line to strengthen their position. If an intraday bounce takes price back above 200 SMA then that will keep the hope of a bounce for bulls alive.
  • 4 Hour chart shows a possible falling support line. If held an intraday bounce is possible.

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