Nifty
For the last couple of days Nifty has been taking support around 50 day EMA.
However it has not been able to capitalise on the same as it has faltered to gain momentum...
Last time it was suggested that around 17566 there are opportunities for both rhe Bulls and the Bears for a 80 - 100 point play. Nifty did 100 points up movement but things are looking a little shaky for Nifty now.
Important resistance 17640 / 17666
If 17566 is taken out Nifty may fall up to 17454 odd levels.
Take care and safe trading...!!!
For the last couple of days Nifty has been taking support around 50 day EMA.
However it has not been able to capitalise on the same as it has faltered to gain momentum...
Last time it was suggested that around 17566 there are opportunities for both rhe Bulls and the Bears for a 80 - 100 point play. Nifty did 100 points up movement but things are looking a little shaky for Nifty now.
Important resistance 17640 / 17666
If 17566 is taken out Nifty may fall up to 17454 odd levels.
Take care and safe trading...!!!
