“On the charts, we can observe that the Nifty witnessed an intraday dip. However, the zone of 17750 – 17720, where support in the 20-hour moving average absorbed the selling pressure and restricted further slide. On a weekly basis, the Nifty has managed to close above the 20-week moving average (17789), which is a Bullish sign. The weekly momentum indicator has triggered a fresh positive crossover, which is a buy signal