Nifty- Weekly candle closes below 20EMA-first time in 18mths
When Nifty weekly candle closed below 20EMA in march 2020-it stayed below 20EMA till end may 2020.
Please see chart for levels of support & resistance.
We could now see the 20EMA & 100EMA gap close. Markets could be choppy as we are seeing bouts of FII selling and bouts of DII buying!
With corona hitting India, could we see some nerves from the ever bullish retail investors on Monday? Retail investors could turn jittery if their gains start to wither away for another few sessions.
Please see chart for levels of support & resistance.
We could now see the 20EMA & 100EMA gap close. Markets could be choppy as we are seeing bouts of FII selling and bouts of DII buying!
With corona hitting India, could we see some nerves from the ever bullish retail investors on Monday? Retail investors could turn jittery if their gains start to wither away for another few sessions.
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