- Nifty stuck between 50 & 100 week averages.In between nifty facing resistance at 20 week average.
- Now the clear range is 5324 to 5561.Watch out carefully as Nifty is direction less.
- Any rallies towards higher range are witnessing a selling pressure.
- In between Nifty managing to hold 20 month average on monthly charts.If Nifty continuously trades below 5324 in June month then Nifty will dip in to long term bear trend.
Disclaimer : No positions in Nifty
