Hi traders,

This post is a supportive post for our blog post, NIFTY JAN UPDATE

We have always stayed adrift from the use of any indicator stuff but the request from our visitors & clients to use indicators as a supportive factor while publishing psychological & mathematical analysis, tends us to use them here!

NIFTY WEEKLY ANALYSIS CONFIRMATION

The blog post had already given a detailed info up on it and the target estimated would be either .618/.786 A and therefore, we can have the confirmation based on the MA's and especially the 50 SMA is at the area of 7540-7500 levels & could act as a supp

ort.

NIFTY SHORT - TERM ANALYSIS CONFIRMATION

The MA's 50 & 100 in weekly charts provide a narrowed range for the asset and the 100 SMA will be a strong resistance for NIFTY at the areas of 8200-2850 areas

Be cautious about it. count the internal sub-structures in H4 charts!

Happy Trading!

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