akc_trading

NIFTY prediction for 26th Jun

Long
akc_trading Updated   
NSE:NIFTY   Nifty 50 Index
Eilot wave formation on recent candles (based on CLOSE) which suggests on 26th June, market should close around 10830 (10824 is resistance level)

This analysis is confirmed by HIDDEN DIVEREGENCE seen on STOCHASTIC graph.
Comment:
Looking at the GLOBAL CUES, SGX down by -50 pts. Expecting a GAP DOWN to FLAT opening to go down further in first half. I will keep an watch if it recovers in Second Half or not. Trade cautiously.
Trade closed manually:
As expected, due to global cues, market couldn't move and hold UPSIDE. It touched 10805 as day high to again fall back near to yesterday's close. Hope you used ur discrimination to entry and exit in trade.

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.