NIFTY slips to support 3 following major FII selling.
nifty starts at support 1 crosses support 2 and touches support 3 or target 3.
if FII selling continues nifty may ultimately touch support 4 or target 4 and then target 5 on the card,
dow future seems to be declining around 490 points right now
hence the decline here may be intensified if there is no recovery in dow.
there seems to be bearish cross over 5 days ema and 13 days ema has taken place already.
let us see if budget brings in any cheers.
don't forget to like my post.
follow me to get updates.
if FII selling continues nifty may ultimately touch support 4 or target 4 and then target 5 on the card,
dow future seems to be declining around 490 points right now
hence the decline here may be intensified if there is no recovery in dow.
there seems to be bearish cross over 5 days ema and 13 days ema has taken place already.
let us see if budget brings in any cheers.
don't forget to like my post.
follow me to get updates.
