NIFTY50 Daily Review from 19 March 2021

I am starting a daily / weekly update for recording and notes taking on Nifty's behaviour from it 50 EMA recovery.

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Weekly View

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Showed a strong recover but fails to move above and took a u turn back to 50D EMA

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Bounced from FIBO levels and back around 50D EMA

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Nifty is still not out of the Danger ZONE
on Friday 09 April 2021 Nifty Made a DOJI candle and on Monday open it was gap down with closing top of Budget Day Candle which is currently considered as Support ZONE.

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Today Buying support came in with Volume Expansion on 25m TF.

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Market Update

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All Index Review