BEARS SMILING

After a month long bully rally market has eventually given a respite to bears. And its quite evident from the charts. Nifty EOD and weekly charts has shown similar signal i.e. dark cloud cover and we can percieve it a little correction



NIFTY  EOD CHART

NIFTY WEEKLY CHART

During this bull rally 5 day EMA has been a good support in EOD chart  whereas in weekly chart 13 and 34 day EMA has been support off and on.