Given the set up Nifty could be moving towards testing 50 day EMA & further towards 17460 odd levels
17155 / 17070 are important support levels
Take care & safe trading...!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
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In the last 2 days Nifty closed in the negative but it was just fortifying the support at 20 day EMA that it had conquered.
Once it survived for 3 days, today Nifty jumps to conquer 50 day EMA
Technical Analysis once again helps us in our trading....!!!
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