- NIFTY Day shows price stopping at 100 SMA for now.
- 20 Week SMA and 4 Hour charts doing the same for Nifty bulls.
- Bulls need a weekly close above 20 Week SMA Failing to do so may result in a fall towards the lower bollinger band, Which means another test of 200 SMA.
- One positive for bears is that if too many feel the resistance is strong then the counter trade is possible.
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