NIFTY :Today violated its 20DEMA @10698 with its 50DEMA falling at 19604 alone to defend it.
Below 19604 on closng basis likely to trigger more fall towards 19300-400 levels.
19314 its 200DEMA is likely to act as the major support. If NIFTY manages to close above 19700 EXPECT A reversal and bounce back.I carry negative bias and expect sell on rise till it holds above 19700 decesievly
Below 19604 on closng basis likely to trigger more fall towards 19300-400 levels.
19314 its 200DEMA is likely to act as the major support. If NIFTY manages to close above 19700 EXPECT A reversal and bounce back.I carry negative bias and expect sell on rise till it holds above 19700 decesievly