NIFTY DAILY: The Upper move which strted from mid FEB is continue and nifty is now near to it JAN high. One main point in it ,In March it never traded below 7 EMA. On Upper side it has resistance line going upwards ,but oscillators are in overbought zone. Yesterday it not crosses the week high and came back in end session.
Coming week will be choppy for nifty and then it may move downward. If closses below 7 EMA will create panic selling.
No comments:
Post a Comment