Nifty spot today made a high of 10810.and closed above 200 EMA for the third session in a row. Major supports are now placed at 10680 and 10505 levels.If nifty manages to hold above the second support we can expect a level of 10900 to 11000 before weekly expiry.
In weekly charts 8ema and 200 ema are on the verge of a bullish crossover
Anyhow a drop below the second support should be consider as a invitation to exit long positions.
In weekly charts 8ema and 200 ema are on the verge of a bullish crossover
Anyhow a drop below the second support should be consider as a invitation to exit long positions.
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