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sirlaxmanagarwal

NIFTY VIEW FOR SEPT WEEK 1

Long
Nifty 50 Index (NSE:NIFTY)  
sirlaxmanagarwal Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis
3
0
trendanalysis
ON WEEKLY CHARTS 11600 LOOKS THE LEVEL TO WATCH OUT FOR ON CLOSING BASIS.

AS LONG AS NIFTY HOLDS THE SAME,COULD BE BOUGHT ON EVERY DIPS..

BUT BROADLY I THINK NIFTY WILL CONSOLIDATE GIVEN MACRO FACTORS LIKE RUPEE WEAKENING & HIGH CRUDE OIL PRICES..

BUT UP TREND IS STILL INTACT..

HAPPY TRADING!!!
Comment:
Close below 11600 on first day itself.. Not a good sign.. But 11520 is the immediate support..
Comment:
Nifty Closed exactly on given levels... I expect some bounce back from here.. Unless any negative news comes into the picture..
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