NIFTY Weekend update

• The Daily Bollinger band continue to contract which is leading to lower volumes.
• 3 rd chart shows possible support and resistance lines which may give good direction for nifty.
• 2nd chart shows price near lower Bollinger Band with oversold stochastic which may result in a bounce. 
• The weekly time frame shows MACD getting ready for a perfect sell But for this one price need to confirm with a  close below middle bollinger band. Nifty Bulls may get help from middle bollinger band for a rally also.
• So its better to wait for a clear signal to emerge. Sideways action can be boring and may erode the capital if one doesn't play the range properly.
• DOW JONES RESISTANCE LEVEL