- Nifty bounced from 8000 levels as shown in weekly chart.
- Daily chart too shows price bouncing from 200 SMA. Price did violate the line But bears unable to keep price below it.
- For now Bulls erasing most of the Mornings losses.
November 9, 2016
Nifty intraday update
S&P 500 Futures Falls as Trump Leads
- If the lead stay as it is the fall continues.
- 50 Week SMA is getting tested again. Bears need to stay below this line for a bigger fall to follow.
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