NIFTY :Witnessed giving up all its recent gains and tested 25800 band ,In the process violated all its critical Moving averages viz 10 &20 DEMA.
Though NIFTY showed a strong pull back towards 25900 ,expect the rally to sustain only when it gives a close above its 10 DEMA & 20 DEMA -Lying between 25950-26050.Deceseive close above 26000 is critical for the sustained rally. On the other hand close below 25700 is likely to drag it to 25500 levels,be cautious with the levels and trade accordingly(For educational purpose only)
Though NIFTY showed a strong pull back towards 25900 ,expect the rally to sustain only when it gives a close above its 10 DEMA & 20 DEMA -Lying between 25950-26050.Deceseive close above 26000 is critical for the sustained rally. On the other hand close below 25700 is likely to drag it to 25500 levels,be cautious with the levels and trade accordingly(For educational purpose only)
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