NrupenM

Point Of Weak Upside

NSE:NIFTY   Nifty 50 Index
At this point, the new upside is forming but with weakness in bullish MACD crossovers. There are very less chances that Nifty will breach the Resistance Line, even if it manages to breach it, it may fail to sustain new upside.
New bullish entries are expected to be avoided. A sideways move or breach in Support can be expected.