TradingView
pravinmangalam
Oct 14, 2019 3:07 PM

#NIFTY View for 15/10/2019 Long

Nifty 50 IndexNSE

Description

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.
Comments
prabha_228
Good analysis..
pravinmangalam
@prabha_228, Thank you
pravinmangalam
@pravinmangalam, Watch my analysis for tomorrow
Mehul97
ok
ipuneet
perfect prediction.
pravinmangalam
@ipuneet, Thank you
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