Daile EMA Chart
Half Hourly Chart
The wedge breakout was maintained by Nifty but resisted at the 50% fibo level of the fall from 6338. The Nifty has once again moved below the uptrendline from the May lows at 4786 which was scaled yesterday.
The 5,10,20 & 50 dema giving solid support around 5945-5962. This level also has some fibonacci retracement supports.A fall below this level will weaken the Nifty to seek lower levels once again.
The uptrendline from 5721 has supports at 5956-5982. Break down could lead to a retest of 5721.
Supports at 5958-5910-5872-5835. Resistance at 6000-6023-6070
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