Strength : 5 Ema is above the 5SMA.
Found support near 20DMA at 5551
Closed above all Lema's
Weakness : Closed below all HEma's and all Close Ema's and all Pivots. The rising wedge Line was penetrated downwards today.
Nifty is weak below 5553 which is the 20DMA and Day Lema. Pulling down NS would again scamb;e for support at 5505 50 DMA and below that it would test the WLEMA at 5468
Action Plan for july 19
Buy above 5570 SL hourly closing below 5550 DLEMA and 20 DMA
Sell below 5555 with Hourly close above 5570 100DMA and above DLEMA
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