NIFTY 50

After much battered performance yesterday NIFTY 50 is all set to put its SMA 20 to test today. It has to respect it (at least for some time) and try to regain 20 Moving Average if there is a gap down.
If there is a gap up it can move in the given channel unless it has a big break out above the wedge. For that it should have a 300+ points break out. One can consider the given levels to trade.


* Views are personal and not a buy/sell recommendation. Please consult your financial advisor before you trade or invest*