Nifty Closed below 100 moving Average

vvrraju Updated   
NSE:NIFTY   Nifty 50 Index

After a long time nifty closed at 10378.4(below 100ma) and immediate strong support for nifty is at 10066 (200ma). Market is expected bounce back from 10066(200ma)(turn to uptrend at 200ma). failing which further downtrend(20ma will cross 100ma) lead market to fall to the level of 9310.

Thank you
Trade active: Target of 200 MA is now at 113 now. Nifty expected to touch this level in another 2-3 sessions of trading.


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