Nifty Testing 100 DMA..Breach and 3 closes below 14250 will see new lows.
It clearly indicates strength in up direction and now bollinger centre is major support....
Nifty has broken the bollinger band centre and going down... Dont go long on nifty untill it reaches back above bollinger centre line ...
Daily chart has weakened... weakness may continue for minimum two weeks i think... I will post here idea in the new buy signal arises...
