NIFTY Near Weekly support and resistance level

• Nifty bulls are yet to cross the resistance line as shown in the last chart.
• Bulls need a daily close above the resistance line and 50 Day SMA.
• Yesterday the up move started near 50 Week SMA as shown in 2nd chart. Weekly upward momentum can be confirmed only on a close above 5 Week High EMA.
• First chart shows a make or break level in weekly chart. A bullish candle will save bulls from deeper falls. Break and close the week below this level will add strength to bears.
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