March 20, 2018

NIFTY @ 50 Week SMA | Price near 10000 Round number

  • Nifty week shows price at crucial support resistance zone near 10100. 
  • Traders also look at 10000 as crucial round number. 
  • But most important here is the bounce happening from 50 Week SMA. If Week manage to hold above this line then a bounce is possible. Daily did violate 200 SMA. Weekly equivalent of 200 SMA is the 50 Week SMA. So bears need a weekly close as well below 50 to confirm bigger bearish scenario.As of now 50 Week SMA is holding for bulls.

No comments:

Post a Comment