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.
No comments:
Post a Comment