Though nifty had given breakout above the falling trendline but it,
seems that still its facing resistance around 200DMA i.e. 16980 also my
premonition says that nifty could take support around 20DMA i.e. 16720
yesterday while we were witnessing a intraday fall nifty took support and not closed below 5DMA
showing strength.
MACD has also turned positive again a bullish signal.
Long nifty above 16850 for target of 16950 and wait nifty to cross 200DMA after which 17000 will be
not so far.
#Enjoy_Trading
seems that still its facing resistance around 200DMA i.e. 16980 also my
premonition says that nifty could take support around 20DMA i.e. 16720
yesterday while we were witnessing a intraday fall nifty took support and not closed below 5DMA
showing strength.
MACD has also turned positive again a bullish signal.
Long nifty above 16850 for target of 16950 and wait nifty to cross 200DMA after which 17000 will be
not so far.
#Enjoy_Trading
