Nifty Spot Daily Chart Analysis
Nifty Spot CMP@25020
Why Averages Play a Very Important Role In Technical Analysis.In Short Term 20& 50 DEMA plays a very Important Role in Uptrend it plays as a crucial Support.
Now Nifty is Hovering around 50 DEMA Placed@25045.Weekly close Below 25000 will be Bearish For Nifty with key Reversal Point@25250.
Closing below 20&50 DEMA Can lead the Nifty Towards 100 DEMA Placed@24430 any Close Below 24430 Can Lead the Nifty Towards 200 DEMA Placed@23325.
The Key Reversal Point Will be Closing Above 25250.
Disclaimer:-This Analysis is only for educational Purpose,Don't Take Any trade based on this Consult ur SEBI registered Advisor for the SAME.
Why Averages Play a Very Important Role In Technical Analysis.In Short Term 20& 50 DEMA plays a very Important Role in Uptrend it plays as a crucial Support.
Now Nifty is Hovering around 50 DEMA Placed@25045.Weekly close Below 25000 will be Bearish For Nifty with key Reversal Point@25250.
Closing below 20&50 DEMA Can lead the Nifty Towards 100 DEMA Placed@24430 any Close Below 24430 Can Lead the Nifty Towards 200 DEMA Placed@23325.
The Key Reversal Point Will be Closing Above 25250.
Disclaimer:-This Analysis is only for educational Purpose,Don't Take Any trade based on this Consult ur SEBI registered Advisor for the SAME.
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