Weak Nifty not able to cross 50 EMA despite multiple attempts.
Nifty today barely took support at 200 days EMA. In the closing hours Nifty was weak and it will be difficult for Nifty I think to hold on to this level tomorrow. Three expected support zones for Nifty in the coming days can be 17512, 17353 and Finally 17253. Nifty not able to cross 50 Days EMA after multiple attempts can not be considered a good sign. 17800 remains a ver formidable resistance as of now befores Bulls can sniff a chance.
Happy Candles Investment
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