SumantraChabri-NCFM-NISM

Nifty analysis in hourly chart for 13/09/19

Long
NSE:NIFTY   Nifty 50 Index
The inverted head and shoulder pattern, together with upward momentum of RSI and ADX , signifying the upward momentum for Nifty .
The surviving of Nifty above 200 period MA, emphasizes the upward momentum for Nifty .
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Trade active: As per my analysis, Nifty has given nearly 100 point upmove.