vanathi

Mighty Nifty - Analysis for Nov 7

vanathi Mod Updated   
NSE:NIFTY   Nifty 50 Index
Price is trending up taking trend line support. If price opens gap up, 18260 - 18280 will act as support for the move towards 18320, 18350. We can expect resistance at 18350 - 18360. The price will have pull back towards 18220 if the resistance at 18350 is not taken out by bulls. As of now nifty is having bullish strength.
Comment:
No long entry. Price made high 18255 and retracing.
Comment:
Strong 2 side movement.

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