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kanishkkunal

Nifty nearing Weekly 200 moving average

Nifty 50 Index (NSE:NIFTY)  
kanishkkunal Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance NIFTY nifty50
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trendanalysis supportandresistance nifty nifty50
Nifty is nearing the 200 moving average on weekly chart which is at 10300. Historically this has been a strong support zone.
After Nifty broke the 100 moving average on weekly chart, it has been in the bear territory. If the 200 moving average is broken (happened in 2008) then it will fall into the recession territory.
Comment:
Not taking any long or short view due to global fear. Trade with caution.
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