#Weekly_Nfity CHART FORMATION: • Nifty witnessed breakdown of - TopicsExpress

#Weekly_Nfity CHART FORMATION: • Nifty witnessed breakdown of rectangle formation which may lead further correction in the market. • Nifty witnessed a runaway gap on daily chart in downside which is a sign of pessimism. • Nifty has next significant support at horizontal support line placed at 5972 mark. • 6130-6190 zone will be crucial resistance for nifty at any pull back from current levels. • 200-day SMA placed at 5971 mark which is major support in downside while 50-day SMA is placed at 6215 mark. Read More research4u.co.in/intraday_stock_commodity_tips/weekly-nifty-technical-report-03-07-feb/

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