In the last session nifty has dropped below 200/20 Day moving average.
Candle which was formed when corporate tax was lowered has already been challenged and price is below the high of that candle.
Nifty has good support at 11100 which coincides with 50 DMA as well.
In case price consolidates around that level then nifty can be brought.
Candle which was formed when corporate tax was lowered has already been challenged and price is below the high of that candle.
Nifty has good support at 11100 which coincides with 50 DMA as well.
In case price consolidates around that level then nifty can be brought.