NIFTY DAY CHART - 1
NIFTY DAY CHART - 2
NIFTY DAY CHART - 3
- One look at the line chart shows 5200 as good support on a closing basis.
- nifty has turned up arresting the fall for now.
- A close below 5200 is danger for the bulls
- Channel redrawn after todays price action should save the bulls.
- But as the MACD in the last chart shows bears still have the upper hand. and when nifty goes below 5180 they will gain more strength.