NIFTY consolidating on the weekly chart forming a pitch fork. Likely to move towards 11500 this year. If loses support of the median line (magenta colour) it may 8995-9000 levels to cover the gap it formed (in the yellow highlighted box in the middle), before regaining momentum.
MACD and RSI suggest a positive outlook in the near term though 10650-10700 can be a strong resistance.
NIFTY
MACD and RSI suggest a positive outlook in the near term though 10650-10700 can be a strong resistance.
NIFTY
Trade active:
Nifty touches 10638.
Comment:
Nifty Breaches 10600, touches 10700
Comment:
Nifty breached 11000, touches high of 11157. Above 11170 there can be another breakout.
Trade closed: target reached:
Nifty touches all time high of 11495.20
