CHART-III
- Price has broken yesterday's high. Now closing near day high or above 4707 will help bulls to extend gains.
CHART-II
- Price has crossed 50 Hour moving average which was shown in the below chart.
- Day low acted as support(4634)
- Now for bulls price should stay above yesterday's high of 4707.
- Weakness below today's range high 4677 from which the breakout happened.
CHART-I
- Nifty is not able to cross 50 Hour SMA decisively.
- Strong up move can be seen if price sustains above 50 hour SMA.
- Recent fall took place from 50 hour SMA So one should watch today's low for a possible breakdown.
- Strong above 4677, weak below 4634.
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