Nifty trend turns from negative to positive.But still the upside looks capped
5 Day EMA Support : 2744
5 Week EMA Resistance : 2804
20 day EMA Resistance : 2823
31 day EMA Resistance : 2860
Nifty have to breach a series of resistance zones 2804,2823,2860 to return
to normal bullish view. Failing to close above 2744 is a clear breakdown signal.