Nifty Review for Aug 7

NSE:NIFTY   Nifty 50 Index
EOD Analysis
Trend line Broken on Aug 3rd.
Spot price reversed on Aug 4th.
At Present, Candle Piercing Pattern formed and it is bullish signal.
Status = Bullish as per candle pattern.

60 Mins (1hr) Analysis
We can see the clear picture of breakout and reversal of the spot price.
Will the spot continue the bull run or bear to take control ?
Status = Neutral.

Bull Run (Long) levels to watch
Begin from 10075
Level 1 - 10095
Level 2 - 10120

Bear Control (Short) levels to watch
Begin from 10050
Level 1 - 10020
Level 2 - 10002

Trade active: Bull Run continue.....
Trade active: bull is so struggling to move up... will bull continue or not ??
Comment: still not yet convinced for short side...
wait and watch

Nice Analysis.. Plz keep up the good work ..
+1 Reply
raj3elite gramacha
@gramacha, thanks... ;-D
Very Nice...
+1 Reply
raj3elite sanjoy.bose.it
@sanjoy.bose.it, thanks brother...
raj3elite bearishbull1968
@bearishbull1968, thanks sir.... ;-D
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