Nifty 50 IndexUpdated Nifty - weekly outlook
Nifty gave closing above 50DMA and gave short-term trend breakout
Sustaining above 16300 will lead to further rally in nifty towards 16650 and 16790
In-between supply zone 16445, 16580
Possible to test 16150, 16025 level once, which could be seen as buying opportunity
Broad based Weekly range 15800-16800
Sustaining above 16300 will lead to further rally in nifty towards 16650 and 16790
In-between supply zone 16445, 16580
Possible to test 16150, 16025 level once, which could be seen as buying opportunity
Broad based Weekly range 15800-16800
Trade closed: target reached
Hope everyone enjoyed the rally, nifty @ supply zone 16580 Exactly made high of 16588 and reversing from there, We can expect some profit booking and gap filling on the downside..
Have a look at updated idea here, link provided in the comment section
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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.
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.