Sunandamedi

NIFTY 50 - OBSERVATIONS

Long
NSE:NIFTY   Nifty 50 Index
NIFTY 50 IS AT THE BOTTOM OF THE UPWARD CHANNEL.

IF IT STARTS IT'S JOURNEY UPWARDS, THEN 11,200 & 11,400 ARE THE NEARBY TARGETS.

IF IT BREAKS, THEN 10,500 IS THE NEARBY SUPPORT.

WEEKLY CHART HAS A "KUMO" INDICATING A REVERSAL OF THE PRESENT TREND AND THE FUTURE "KUMO" IS BULLISH.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.