February 8, 2017

NIFTY End of Day analysis

  • Nifty 30 Minutes chart shows the bounce from the trend line.
  • 50 Hour SMA too is acting as support for now.
  • High of 8813 is crucial. Once this level gets crossed again Nifty will move towards 8900 plus levels.
  • Bigger worry for bulls only if levels like 8715 and 8672 gets broken.
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