1.Nifty Immediate trend is down until 5000 is protected.
2.Upward movement will face resistance 4950 /5040 level.
3.Weekly indicator is about to give bearish reversal=> further downside will lead extremely bearish scenario.
4.Weekly SAR -5145
5.Bollinger band -until 5300 is protected , overall trend remain down.
6.volume chart- 4930-4945/5040 will provide stiff resistance for upward movement.
8.EMA -we are trading below all critical ema .
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