Friday, May 14, 2021

Recent positive crossover of 50-SMA with 200-SMA on hourly charts is a bullish sign for Nifty: Mehul Kothari of AnandRathi

Recent positive crossover of 50-SMA with 200-SMA on hourly charts is a bullish sign for Nifty: Mehul Kothari of AnandRathi In case the support of 14400 is taken out then the index could slide towards 14,200 – 14,000 which is the lower end of the falling channel in which the index has been trading for quite some time, says Mehul Kothari, AVP – Technical Research at AnandRathi.

from Moneycontrol Market Outlook https://ift.tt/3eM4x6I
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