NIFTY just below 50days EMA. If 50 EMA broken expect more +ve
As the NIFTY has closed just below 50 days EMA. Once the 50 days EMA is crossed. We can expect rally to continue. Ideal situation will be NIFTY opens gap up above the resistance.
Important resistance levels will be: 17254, 17423, 17666.
Important Support levels: 17074, 16960 and 16862.
Important resistance levels will be: 17254, 17423, 17666.
Important Support levels: 17074, 16960 and 16862.
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