What Next for Nifty

NSE:NIFTY   Nifty 50 Index

For the past few days in daily frame market is moving in the same region.And facing strong resistance at 200DMA.Also the the banking sector is not helping much to surpass this resistence owing to moratorium.The only thing saving NIFTY right now from good fall of 60-70 points is Reliance due to its various deals and surrounding expectations around the upcoming AGM . It will be interseting to see what happens after the AGM . Will Reliance solely take NIFTY above 200DMA or will NIFTY remains the same it is now. Looking forward to more positive rally by Reliance which will supply the much needed support for NIFTY . NSE:NIFTY

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