NIFTY Daily Analysis

• Last chart shows price testing the 20 week moving average. In the recent past whenever price closed below this moving average it has been a struggle for nifty bulls. So for the bulls price has to close the week above 20 week moving average.
• MACD may trigger a sell if the resistance levels are not crossed convincingly.
• Last chart shows price stuck in between 50 and 200 Day Moving average. So this range should also be resolved for bigger movements to happen.
• GOLD - YET ANOTHER ALL TIME HIGH