Nifty is trading above 5800,next trend confirmation levels below and above it are as follows:-
1- Next resistances are between 5820-5852(above it will be rally and Long Term Trend turning up confirmations
2- 200-Day EMA is at 5760(sustaining below it will mean more down moves after Pull Back rally termination.
1- Next resistances are between 5820-5852(above it will be rally and Long Term Trend turning up confirmations
2- 200-Day EMA is at 5760(sustaining below it will mean more down moves after Pull Back rally termination.
Now sustaining beyond 5820-5852 should be watched.