Nifty Analysis for Monday

١١ مايو

Nifty is trading below monthly and weekly cpr , but in Daily time frame Nifty is at Support level so we have to compare hourly timeframe and see if candles are taking resistance from 20, 50 and weekly cpr levels, if 20 and 50 are proving resistance only then we can expect price to go down , but if 20 and 50 sma are proving support then we might go up