On the weekly charts as per 5EMA high-Low strategy nifty is in sell mode for the past 7 weeks. And the RSI(2) and CCI(4) indicates oversold levels in Nifty Spot Weekly charts. and 5EMA Low at 5824. Nifty closing above 5824 on EOD basis will bring positive bias for the uptrend r
Nifty Daily and Weekly Chart Analaysis
Double bottom is visible on the Nifty daily charts near 4750 zone also the put writing in Oct 4700PE option series suggest that 4700 could be a strong support zone for the current series.