Nifty 50 Bullish above 14700_ Major hurdle 14760_ Lifetime high?
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.
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".
Comment:
I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.