Nifty may show some sign of reversal in upcoming days. Below are the reasons:
- 200 DMA is at 5165 while 50 DMA is at 5135 and both are considered as major supports.
- If small MA crosses long MA then it will be considered as bullish sign. Will it happen in case of NIFTY?
- After 5 red candles one reversal green candle was formed by it in last trading day.
Please share your views on this.
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Cheers
Chirag CM
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