- Lower level of bollinger band acting as support
- 200 SMA acting as support
- 50 SMA acting as resistance
- Middle level of bollinger band acting as resistance
As per slow stochastic, Nifty is in oversold zone, but one need to wait for crossover.
Now actual fight between bulls and bears is to protect 200 DSMA and then 20 WSMA(middle BB on weekly chart). Equally strong is daily bollinger band.