Sachin_Ghodke
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Nifty 50 ( BULLS Vs BEARS) Daily Chart candlestick Analysis

NSE:NIFTY   Nifty 50 Index
Nifty index formed a higher wick Doji Candle as traded in a wider range of 10514 to 10638 level after the narrow range move of last four sessions.
Bulls are in continuous action to take hold on but Exhausted toward Expiry week and taking this as beneficial as a part of Bears fights in strategically moves, Bears hit at top and push bulls back and weakened Bulls power at all.
It witnessed buying interest in morning dips but witnessed selling pressure at higher zones as it failed to hold above immediate hurdle of 10630 zones in the last hour of the session. I
t got stuck in the grip of option writers ahead of the April derivatives expiry. Now till it hold above 10500 zones, immediate trend could continue for a potential up move towards 10645 then 10705 levels. Support seen at 10518-10490
What would BEARS Do in his Next Attack on BULLS???
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Sachin
Nifty index managed to hold 10550 zones and headed towards 10636 levels again. It witnessed buying interest on declines and supports are gradually shifting higher. Bulls pulling up at point and Bears Pushing it Down at End of Session it sense the range is forming at higher level of the broader range of index. It formed an inside Bullish Bar after previous long Doji session.
Now till it holds above 10550 zones, it has potential to move towards 10630 then 10705 zones while on decline below 10550, it has major support at 10500-10490 zones.
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