murthyonline

NIFTY Weekly

Short
NSE:NIFTY   Nifty 50 Index
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A small H&S formation seen in weekly chart and marked. The MACD signal is ready to
enter inside histogram and this can drag down the nifty by next week. So far NS
respecting the 20 EMA and tomorrow if it all move up it should not be above 8132, that too as a spike and close below 20 EMA . The probability of a bearish harami pattern tomorrow in daily chart not ruled out.

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