Nifty 50 Close this week on positive note (Nifty50 Outlook)
* As per yesterday close on Nifty50 Spot close @10768
*On daily/weekly or even hourly seen chart look very positive but it will have much more positive if yesterday close above 10790-800 zone
*Right now nifty have too many support near like 10700/10670/10630/10600/10450/10390 and possible resistance on 10868-75 zone where 200MA till date Nifty 50 spot traded below 200MA but SGX Nifty future close above 200MA and 10805.
*As per my analysis No such big correction below 10200 a short correction can be seen down to 10600 level next week
*Stay long on Nifty it break few important resistance this week.
* With a big volume breakout above 10870 go for long and Stop area should be 10670-80 an possible TP-11250 level
*On daily/weekly or even hourly seen chart look very positive but it will have much more positive if yesterday close above 10790-800 zone
*Right now nifty have too many support near like 10700/10670/10630/10600/10450/10390 and possible resistance on 10868-75 zone where 200MA till date Nifty 50 spot traded below 200MA but SGX Nifty future close above 200MA and 10805.
*As per my analysis No such big correction below 10200 a short correction can be seen down to 10600 level next week
*Stay long on Nifty it break few important resistance this week.
* With a big volume breakout above 10870 go for long and Stop area should be 10670-80 an possible TP-11250 level
Trade active
Trade closed: stop reached
Comment:
Wrong stop predicted
Comment:
Nifty Spot maybe closed daily above 200sma