Nifty index has broken the 200 SMA and the 50% retracement levels from the Nov top and Feb bottom.
The fact that the index faced resistance at 61.8% levels itself is a very bearish sign.
Even the bounce from 200 SMA was much smaller than the previous 4 attempts. Are bull taking a leave here?
The daily color of Nifty and Bank Nifty is in Sell mode from Fridays open. Read the color update here.
The fact that the index faced resistance at 61.8% levels itself is a very bearish sign.
Even the bounce from 200 SMA was much smaller than the previous 4 attempts. Are bull taking a leave here?
The daily color of Nifty and Bank Nifty is in Sell mode from Fridays open. Read the color update here.
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