NIFTY50 taking support from 50DEMA
In last Idea posted on 27th july i had shared that nifty will touch 50DEMA before going further up. Now it has been holding 50DEMA for last couple of days and we can see a bounce for next week or so. After which buyers will be exhausted and nifty will again continue downtrend to touch 100DEMA which will be around 19000 then. For now upmove targets are 19600-650 for next two weeks.
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