As we can see that nifty not sustaining upper level i.e 5030-5040 and returned yesterday from
5033 and close at day low. So nifty close below its 20 day moving averege 5033 for two consecutive days.
In morning it breaks important support level of 4960.
Now 4960-4970 can become resistence for nifty so one can act accordingly.
Disclaimer : The column is purely for educational purpose. The author is not responsible singly or jointly for the losses.
5033 and close at day low. So nifty close below its 20 day moving averege 5033 for two consecutive days.
In morning it breaks important support level of 4960.
Now 4960-4970 can become resistence for nifty so one can act accordingly.
Disclaimer : The column is purely for educational purpose. The author is not responsible singly or jointly for the losses.
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