Nifty Weekly charts shows major resistance near 13 Week EMA i.e 2830 levels.
Market is struggling to cross those levels. Most turnaround are near to 13 Week
EMA as witnessed from the charts. Which is the breakout levels for Nifty to enter
into the bullish zone.
Related Readings and Observations
Nifty Futures – Market Profile Analysis – 8th Mar 2018 Inventory is getting short to too short again. Holding shorts could be risky here as the wednesday trading session showed a volatility decline despite a huge drop. Possible signs of short […]- Nifty Technicals for 14th Trading Avoid Fresh Short and try intraday longs in dips. Resistance : 2850 Trend : Negative RSI : 2.95 (Oversold) Trin : 1.771 ( Bearish and oversold) Source: www.marketcalls.in
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