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swapnilchoksi

Nifty Outlook

Nifty 50 Index (NSE:NIFTY)  
swapnilchoksi Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
Please see the support and resistance in the chart.
The nifty range is 11600 to 11800. PCR is also oversold so expecting one bounce in Nifty.
Support Levels are: 11600 and 11640
Resistance levels are: 11730 and 11800
The trend will be positive if Nifty will close above 11800.
Comment:
Revised Nifty Levels after positive news for the US-China Trade War
Tomorrow Nifty will open gap up for sure (Above 11730- First Buying level)
Sustaining above 11800 Nifty may move 40-50 points more because of short covering.
If Nifty will close above 11800 then New upside zone will be open which range will be 11780 to 11880
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