Nifty Prediction for 10/01/2020

Nifty opened with huge gap and then posted a high of 12224. I have drawn new resistance line joining all time high and today's high. If this resistance line is true then nifty will come down from this line and try to go to long term resistance line. But if it gives upward breakout then counting will be different. Even though nifty rose by 190 points 5 DMA (short term) trend is still down, MACD is aldo down. Let us watch for the same,

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Nitin Shripad Joshi

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