Nifty seems to have bottomed out for the next forseable few months. 4 months continusouly Nifty has been in red and statistically April should to be a green candle.
My Analysis basis long term support and ceiling and short term support and ceiling.
Change in direction seems very logical.
Question is will April be a month of consolidation or Breakout ?
My Analysis basis long term support and ceiling and short term support and ceiling.
Change in direction seems very logical.
Question is will April be a month of consolidation or Breakout ?
Comment:
10 April 2023 - Consolidation more likely given todays reversal candlestick. April to trade between 17000 and 17500. Good time for short straddle strategy.