#NIFTY View for 15/10/2019

NSE:NIFTY   Nifty 50 Index
Today it was a range bound day, not much move.

On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it.

So what next?

Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but there are lot of hurdles and nifty has to cross these to move up.

Today it has formed a bullish channel on 15 min chart which depict the higher-high and higher-low structure, if nifty move between this channel then it will move up but the momentum will be slow. .

Disclaimer- This is only view not recommendation.
Comment: NIfty moved up as expected.
Trade closed manually: As we have reached the levels.


Good analysis..
pravinmangalam prabha_228
@prabha_228, Thank you
pravinmangalam pravinmangalam
@pravinmangalam, Watch my analysis for tomorrow
perfect prediction.
@ipuneet, Thank you
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