Nikhil_Tripathi

Nifty 50 Bullish above 14700_ Major hurdle 14760_ Lifetime high?

Long
NSE:NIFTY   Nifty 50 Index
Please read each point carefully:

1. Nifty 50 tested 14650 levels around 7 times
2. I am expecting bullishness above 14700 (It must sustain above 14700 for at least 10 minutes). Just look at 16th April candle, it didn't even sustained for 5 minutes.
3. I am expecting "huge bullishness" above 14760 (Because, it break the previous lower highs and recent highs)
4. I am expecting Nifty 50 to test its life time high again ✌ after breaking those important levels. There are some corona related reasons as well:-
i. Vaccination starting for above 18 years since 1st May.
ii. Corona looks little bit controlled. Look, as more and more people getting vaccinated, the fatality rate will come down sharply (according to my expectations). Lock down lifts, businesses start.

Disclaimer: You're solely responsible for your decisions taken in market. I've shared my analysis just for educational purposes only.
Comment: Looks like it is testing its breakout zone. It may fall or may go up from here (14600/650 levels).
Comment: It crossed it's previous high of 15044.35. However, it may come down to "fill the gap".