ParimalDevnath
Long

Nifty, 100,200 DMA

NSE:NIFTY   Nifty 50 Index
Nifty is moving on expected lines. It got support from 200 DMA and therefore a-b-c correction seems to have been over. But now it has entered the consolidation zone and is probably to face resistance at 100 DMA which provided support for 19 sessions earlier (support-turned-resistance). Today's bullish overtone suggests that bulls are prepared to clear this resistance soon. It is possible that tomorrow will be a day of consolidation.
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