Nifty50 index on 4th day of the week won by Bears pushing down Bulls to lowest at 10350 zones. The Grip of bears hold over bulls has been tightened. Index on daily chart colored red with short wick bearish candle on trend continues ahead.
Now Bears position are ahead leading in the Bull's area and might start showing bear power. Index support level at 10300- 10276 zones and Resistance at 10374-10400
Now Bears position are ahead leading in the Bull's area and might start showing bear power. Index support level at 10300- 10276 zones and Resistance at 10374-10400
Trade active:
Bears power will show Bulls the Level below 10300 -hard hits is expected to the level 10200 zones
Trade closed: target reached:
Nifty50 CMP 10205....BEAR POWER Roars....Enjoy
Comment:
all Nifty 50 Index...Bearish on daily chart weekly chart breaching all support levels (arrow down moving averages EMA 50 MACD RSI super-trend oscillator indicators price index commodity channel Elliot wave trend line Dow theory divergences high low future option gann Fibonacci ) all the above is just an indication sign