November 1, 2017

NIFTY Trend update

  • Hourly charts are not showing any weakness yet. First signs of weakness if price break below the trend line or 50 Hour SMA. If that happens then price may fall to the previous resistance line drawn in Daily time frame. 
  • On the contrary if hour does not show any weakness then the correction may not happen now. since  price is close to 50 Hour SMA bulls has to be cautious.