Daily Chart
Half Hourly Chart
Range bound yet without decisive action.The bullish engulfing candle and
breakout from the short term downtrendline on daily charts and a
higher low held as shown on Half hourly chart II raises hopes of an
upward breakout from the range.
The 20 day Ema at 5660, shown in blue, has been good support till now.Expect Nifty to break upwards till held. A decisive break below it will be a sign of more weakness to come.
The 20 day Ema at 5660, shown in blue, has been good support till now.Expect Nifty to break upwards till held. A decisive break below it will be a sign of more weakness to come.
Lookout for trade above those resistance points at 5722-27-30 for
bullishness to resume.If fails and trades below 5696 then 5668-5677
will be tested.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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