anu.nauri

NIFTY 50 key resistance about to be tested

Short
NSE:NIFTY   Nifty 50 Index
Hi traders, NIFTY 50, key resistance is bout to be tested in coming trading sessions. 200 Daily EMA, 0.618 fib level, upper line of rising wedge plus resistance range all lie in the area between 10520-10670. Any rejection here could lead to a significant correction atleast to sub 10k levels. This is the area of high risk and shorts will jump as soon as any weakness in PA is seen.

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