Huge move of nifty expected?
Updated
Nifty has been trading in narrow ranges for the last three days.03/05/2019 day's range was NR7 (narrowest range in last 7 trading session)
Preceding two sessions were also of narrow ranges.I do n't think narrow range of nifty will not continue up to declare of election results.
Nifty may show either breakdown or break out this narrow ranges with appreciable move.Support and resistance levels are shown in the chart
with red arrow marks.
Preceding two sessions were also of narrow ranges.I do n't think narrow range of nifty will not continue up to declare of election results.
Nifty may show either breakdown or break out this narrow ranges with appreciable move.Support and resistance levels are shown in the chart
with red arrow marks.
Note
It may be possible nifty may start trading in wide range...come down and touch new high after positive result in the election.
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