- NIFTY closed above 5 ema again.
- momentum is showing some weakness to the upmove
- closing below 5300 is bearish for the short term.
- the trend line or resistance line is very clearly blocking nifty from going up. Nifty tried 4 times to go above the resistance line.
- if we don't fall below 5300 in the opening NIFTY will try to break the resistance one more time today.