Nifty 50 analysis for 26 Aug

Aug 25, 2020

The correction of Nifty appears to be over and Wave 1 of next impulsive move appears to be completed ... Expecting Nifty to open gap up at levels of 11500 - 11525 n continue with its bull run .. If Nifty opens flat, it is likely to go down a little and take support from the zone marked on chart and continue with its bull run .. Overall view on Nifty for tomorrow is bullish .. View invalid if Nifty falls below 11423
Views expressed are purely personal and for educational purpose only and are not meant to be used as guide or tips for trading

Aug 26, 2020

Note

Note - above view stands for 26 Aug only .. overall, Nifty doesn’t appear very bullish .. 11540-11560 is resistance zone .. avoid fresh longs and look for price action at that level .. Nifty may reverse from the mentioned levels