Nifty:9857 is trading at the top of a down trend channel with indicators oversold. External clues SGX' etc may also be positive,This week But I am expecting a deep cut towards 9700 as the MACD reached below Zero line.
On the other hand, if trade above 9875 the falling trend line will change the scenario and Nifty’ will turn bullish. strong resistance at 9950.
Above 9875 today’s Resistance are 9904 _9932 & 9960
Weekly above 9892 Nifty’ Resistances will be 9949_10000 &10063
Weekly below 9835 Nifty’ Supports will be 9765_9708 & 9650
Monthly above 9828 Nifty' Resistances will be 9912
Monthly below 9777 Nifty' Supports 9696 & 9590
Last week it was told that nifty' cannot recover in Aug series. It was also said that I am expecting a minimum 9300 is a 38% correction. Many viewers mistook that 9300 will reach in 7 seven days. I would like to remind my Disclaimer here. I am not responsible for what you are understanding. I am only responsible for my words. Market cannot be tamed in two lines drawn by any analysts. The views are hypothetical and can make turn any moment.
On the other hand, if trade above 9875 the falling trend line will change the scenario and Nifty’ will turn bullish. strong resistance at 9950.
Above 9875 today’s Resistance are 9904 _9932 & 9960
Weekly above 9892 Nifty’ Resistances will be 9949_10000 &10063
Weekly below 9835 Nifty’ Supports will be 9765_9708 & 9650
Monthly above 9828 Nifty' Resistances will be 9912
Monthly below 9777 Nifty' Supports 9696 & 9590
Last week it was told that nifty' cannot recover in Aug series. It was also said that I am expecting a minimum 9300 is a 38% correction. Many viewers mistook that 9300 will reach in 7 seven days. I would like to remind my Disclaimer here. I am not responsible for what you are understanding. I am only responsible for my words. Market cannot be tamed in two lines drawn by any analysts. The views are hypothetical and can make turn any moment.