In 1 hour chart Nifty price continues to trade at 11037.5 and below the (Exponential Moving Average)EMA200 value of 11056.3 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below
However, if Nifty continues to trade below level, that could be an extraordinarily Bearish sign for Nifty
Even so, the 200-candle Exponential moving average (EMA) price range of 11056.3 is proving a tough nut to crack.
Pivot (invalidation): 11023.7