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Sanket2305
May 12, 2021 3:15 PM

Nifty Looking Bullish Long

Nifty 50 IndexNSE

Description

Hello Traders, Hope all are ok with your family.

Here my view on nifty is the bullish reason behind its simple falling edge pattern. It tried 3 times for upper breakout but failed so buyers are forcing to break levels. So, For the Friday market there are maybe 70-80 points gap up or gap down possible and it will react as different colors mark I shown on the chart. Blue indicates gap up opening and will follow mostly as a marker and Pink indicates gap down opening and will follow mostly as marker.
Comments
mayurt9
Great analysis sir, market followed as expected.....!!!
Sanket2305
@mayurt9, thanks. you can still hold for 15100 levels.
Sanket2305
@mayurt9
, haha as i told you done with targets
seriousAntelop60851
I think 14600 niche
StockWhizzer
FII brought 10250 cr IDX option, does it indicate a big gap down on Friday?
StockWhizzer
What's ur view on Biocon & Parag Milk for current term
Sanket2305
@StockWhizzer, Sure bro. Check your inbox. Thanks
mayurt9
Very nice analysis......Thanks you sir
Sanket2305
@mayurt9, Thanks sir.
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