NIFTY Intra Day

NSE:NIFTY   Nifty 50 Index

20 EMA in daily chart placed near 8105-8110 levels. This can very good resistance.
NS first try, to break it, can be futile and if it has to cross it either it should
be with a gap up or after 2nd or 3rd try. So there can be a vertical fall to
8000 or below it, either in the after noon session or tomorrow/Friday.


Today with the 3rd attempt NS with a high jump opened above 8111 and above 20 EMA. This helped NS to go near 8200.
This helped NS to give us a decent close for the year end. As mentioned in the earlier idea "weekly update" here that"when the first pull
of BBB is over and released" the NS can bounce back by 250-280 points turned out to be true. "
Good analysis
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