- Nifty weekly chart shows a possible resistance area at 5750 on closing basis.
- Price is near 200 DMA.
- These are the next two resistance points. Good weekly closing above these levels will take nifty closer to that upper bollinger band shown in the 2nd chart.
- On the contrary getting resisted here and closing below 5700 will be slightly negative.
- DOW JONES EOD ANALYSIS
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