- Except the Negative divergence and Weakness in Daily MACD indicator there is nothing that's supporting bears of Nifty for now.
- Price sustaining above 10 Day EMA will keep nifty moving up.
- Weekly MACD is yet to show weakness. Price sustaining above 5740 on closing basis will target the next resistance zone of 5850 - 5900.
- Crucial support is the Golden ratio shown in weekly chart.
- CRUDE OIL ANALYSIS
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