praveen.bhatiya

NIFTY's View

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NSE:NIFTY   Nifty 50 Index
Nifty has formed Broadening Formations : Right-Angled and Descending. After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case, however demand may emerge in price zone of 10145 - 10095. If that fails to provide support we may witness free fall till 9700 as there is no significant support in this zone.

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