datatraders77

NIFTY ANALYSIS FOR INTRADAY 27-08-2020

datatraders77 Updated   
NSE:NIFTY   Nifty 50 Index
AS TOLD YESTERDAY NIFTY IS IN GOLDEN CROSS MEANS BULLISH
BASED ON CHART WE WHERE ABLE TO SEE GOOD RALLY IN SECOND HALF DAY,
GOOD RALLY NIFTY HAD COVER THE GAP AT 11536

*50 MA HAS CROSSED 200 MA
WE CAN SEE GOLDEN CROSS FORMING IN NIFTY ,
GOLDEN CROSS IS KNOWN FOR BULLISH SIGNALS IN HISTORY.
THE CONDITION IS "NEED GOOD VOLUME", VOLUME IS QUITE LESS.
TRADE CAREFULLY AND ONLY ON CONFORMATIONS*

AT TOP THE RESISTANCE LEVELS ARE 11630-11677
BOTTOM SUPPORT LEVELS 11405,11320,11244
TAKE SELL OR BUY TRADE ONLY ON TRADE FORMATION



Trade closed: stop reached:
DO SEE NIFTY TOOK REJECTION EXACTLY AT OUR RESISTANCE AND GAVE FREE FALL TILL 11620.

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