Nifty outlook - Mildly Negative
Nifty has closed below important support level of 5900.
RSI has broken previous bottom which confirms to the price
action.
MACD histogram has just turned negative.
PDI & NDI crossover is already showing downward price
movement. But still no strong directional move is signalled as ADX is still hovering
at bottom.
Nifty is finding resistance around 20DMA @ 5935, unless
sustained above this level it can move down to next support of 5830.
