NIFTY Analysis

• Nifty weekly candle is testing its 20 week moving average or the Middle Bollinger band. A convincing close above this level can extend this up move. On the contrary if the weekly candle closes below 20 Week SMA we may see some bearishness. 
• Daily chart too has resistances in the form of 100 SMA and the GAP. GAP closes at 5323.
• GOLD DAILY CHART ANALYSIS