NIFTY SPOT SUPPORT AND RESISTANCE

NIFTY is moving sideways for over a month,it is trading inside ichimoku cloud for several days.Nifty needs to close above or below ichmoku cloud for breakout or breakdown.


RESISTANCE
.Falling wedge
.20SMA @ 5255
.50SMA @ 5306


SUPPORT
.Rising wedge
.200SMA 5124