- Nifty line chart shows price taking a U turn from its up move.
- Now the main support lies between 5985 - 6015. We have the 20 day and the 50 day moving averages here. So large correction will only be possible if this support area is taken out by bears.
- Price action is moving towards 5 day low ema. So if Bulls are to stop this correction we will see the price action moving towards the 5 day high ema.
- GOLD BELOW 50 DAY MOVING AVERAGE
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