bijoy2526

Huge move of nifty expected?

Long
bijoy2526 Updated   
NSE:NIFTY   Nifty 50 Index
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.
Comment:
It may be possible nifty may start trading in wide range...come down and touch
new high after positive result in the election.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.