iCharts Discussions

[chiragbvyas]

this is a nifty future weekly chart. with 20 and 40 ema's. ema 20 has just crossed below ema 40 which is in my knowledge a bearish sign. As R S I is in oversold zone, a bounce back up to 5252 or 5325 is possible but failed to close above levels may break today's low and could test lows up to 5060.

now 5454 will act as major resistance. important number may be 5252 to watch interestingly.

expert opinion is must, afterall its weekly chart.

Thanks,
Regards,

Chirag B.Vyas