20 day EMA is at 10279
Close below 20 day EMA will signify further weakness and open further downside to 50 day EMA
Take it step by step
On expected lines for the last 2 hours Nifty has given its due respect to 20 hr EMA
However now on a 15 min chart it is at 20EMA
Resistance zone...Might again come down
Consider selling again with 10320 as SL
We are close to our target of 10160.
Consider booking profits as per risk appetite...!!!
Nifty 50 day EMA is at 10144... Do not rush to trade... Allow markets some time to give the next trading idea
Happy & safe trading...!!!