Nifty Hangs On to the 100 & 200 DMAs !
- As indicated in the previous posts, Nifty future has not broken the support of 5700 - 5750 area where the 100 ( 5716 ) and 200 ( 5740 ) day moving average are placed at present.
- Nifty futures may spend some more time trading between the 5700 - 5950 area, provided the above support holds.
- In case of a break of the support , another revisit of the 5550 to 5600 area is feasible.
- This edition of Momentum Signal post is also limited to the very basic charts and trading system updates.
Nifty Futures - Intra-day Chart
Nifty Futures - Daily Chart
