Nifty has closed EOD below the 50 DMA and Day LEMA for the past three days - signalling weakness
Moving past 50 DMA and at least 2 hrs close above 6200 would give strength for upmove else downsides continues.
Break below 6150 - weekly support - it is likely to be a swift fall.
| DAY VALUES | |||
| HIGH | 6192 | 5 EMA | 6197 |
| LOW | 6160 | 10 EMA | 6219 |
| CLOSE | 6175 | 5 DMA | 6192 |
| HI EMA | 6234 | 50 DMA | 6192 |
| LEMA | 6178 |
| TRADE | STOPLOSS | REASON |
| Sold @ 6210NS/6235NF on 3rd&6th jan | EOD close above 50 DMA | Weekly channel Breakdown |
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