- Nifty for now is likely to move between 100 week sma and the GAP. For bigger direction one of these levels must be broken on closing basis.
- Bank nifty support levels continues to move lower. Current bounce may not move above the GAP area. But for a bigger fall price must close below 100 Week SMA.
- Week chart shows positive divergence. Month chart trying to stay above 200 Levels. Daily needs to stay above 50 day SMA for bigger up moves to happen.