Nifty .. Looking weak
From a pure technical perspective NSE looks weak.
> Potential H&S forming
> Range bound price moving along EMA 12 and 26
> Stochastic, RSI and MACD are moving toward bear category
> Weekly support at 10,600 followed the MA100 support at 10450
Fundamentally, there is uncertainty in the market due to Elections in May. Below 10K it will enter the bear category
> Potential H&S forming
> Range bound price moving along EMA 12 and 26
> Stochastic, RSI and MACD are moving toward bear category
> Weekly support at 10,600 followed the MA100 support at 10450
Fundamentally, there is uncertainty in the market due to Elections in May. Below 10K it will enter the bear category
Penafian
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