- Nifty closed above day high ema.
- Price is getting closer to week high ema. Since its a Friday a weekly close above 5 week high ema will help bulls to extend gains. RBI policy news should also support bulls.
- Comparing price with RSI it shows that this indicator is moving faster to overbought levels which is negative for bulls.
- RBI policy should also help bulls. If rate hike is more than 25 bps it will end this up move.
Good Morning San Sir,
ReplyDeleteThanks for the Timely update.
@Nilesh
ReplyDeleteGood morning
good morning & thank you very much.nice & always
ReplyDeletecrystal clear.have a nice day.
Good Morning Chetan and AshishAg
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