NIFTY DAY CHART - II
- NIFTY spot has just managed to close outside the upward moving channel
- MACD has already given a sell.
- 5 EMA is now below the 7 DMA its time to go short
- 5180 is a good support zone.
- 5220-5235 may act as a minor support zone.
thank you
take care
- SUZLONE Weekly triangle is yet to give a direction
- 70 to 71 good support zone.
- below 71 it may go down till 69.
- right now it is moving sideways within the weekly triangle
- take a look at the weekly MACD it is moving side ways from july last year.
- and the volumes going down every week.
- if you are holding long positions be patient, we may see some action in the coming weeks. have strict stop loss at 67.
- A daily close below 67 is danger for the bulls.
thank you
take care
