February 27, 2018

NIFTY Intraday and Month chart Analysis

  • Nifty hour chart is testing resistance zone
  • Day is also struggling at 50 Day SMA. Bulls will gain more strength only if price closes above 50 Day SMA. Day close at the current levels or lower will be negative for bulls.
  • Month chart is shown with crucial price zone of 10530. Month close below this level will confirm bearish engulfing in Month chart. So with one more day to go for month close this price action is important.

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