Nifty Closed at interesting Point ..What's Next?

NSE:NIFTY   Nifty 50 Index
225 13
Nifty today closed at interesting point. So what' Next...
Nifty today closed at 8899.75 making a low exactly at the trendline @ 8888.20 saving exactly the four fat number 8888.
According to me it is moving a in upward channel and today it had touched the lower channel support, We can expect a good bounce back from here towards the level for a new high waiting around 9070-9080 level.
So this four fat number is important to watch if it is broken then we can see the level 8825-8830 levels.

Ashish i believe the Big fat number like 8888 can result 9090 , because in stock market investor go crazy with Double number trust in your work and i strongly believe it will make 9090 and further 9191,
Thanks for your valuable Analysis
Best Regards
Shivakumar V K
Excellent analysis !
@jagkiran, THanks sir
on the chart it has formed today bearish engulfing pattern with increase in volume, but volume is less than day before fall and price is flirting around 5 day ema.tomorrow will it be the same play game of nifty going high and fading the pull back?
ashishchauhan nalinakshi
@nalinakshi, yes mam wait n watch game..
Thanks, Wait n Watch, Take risk of 15 points to go long.
@AMBRISH, yes right sir....worth to take risk
Yep it should defend today's low , If broken than it will give away 80-100 points very easily tomorrow ,
Upward move seems dicey , every time it moves up , there is selling , sell on rally happening.
@neneram, but we are seeing buy on dips also everytime...
Please share your views on Bank Nifty Future also.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out