NIFTY Morning Update

• Daily chart shows a possible rising support line. Confirmation of weakness on daily close below this line.
• Price is testing 20 Day SMA on its way up. More strength for bulls if daily sustains above 20 SMA.
• Month candle so far is giving hope for bears. But those hopes will fade away once and if price starts to trade above last month high which is 8674.
• CRUDE OIL CHART UPDATE

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