Nifty -100EMA acted as a strong support
NIfty closed above yesterdays close, but made a strong red candle. Faced resistance at 20EMA and took support at 100 EMA. DII buying support of 1533cr and rather low FII selling-1468cr (less than 50% compared to yesterdays selling(-3407cr)) helped Nifty. Will the downward momentum resume with FIIs selling- could take Nifty below the 100EMA support. Critical support and resistances marked on chart were followed well by the chart today, let us see how market goes tomorrow.
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