Nifty- closes below PDL, lacking strength

3 בנוב׳ 2021

Nifty closed below PDL, facing resistance of 20EMA on the daily chart. Nifty has to breach the 20EMA line to regain strength and trend upwards. Till then it will continue to retrace and trend downwards/sideways consolidation. Let us see how the sentiments support the Nifty fightback in the next few trading sessions.