NIFTY possibilities for coming days!

Earlier I had posted a NIFTY idea on 14th May that NIFTY was at a make on break situation. It bounced from the lower trendline and gave an upmove. Now it has faced rejection from 200 EMA and gave a weak closing. SGX NIFTY indicates a gap down for tomorrow.

Scenario 1: NIFTY can retest 16400 levels (fill one gap till 16371) and bounce from there.

Scenario 2: NIFTY can retest trendline 2 (fill another gap and make a triple bottom) and bounce from there

Scenario 3: NIFTY can break down trendline 2. Kindly refer to my previous idea for breakdown levels.

For intraday tomorrow crucial levels on lower side are 16440, 16400 and 16371.

Learn & Earn,

Dr. Tanya Kumar

Note

Previous idea

Note

Intraday levels

tanya151181

For high probable swing picks, join t.me/EquityResearch_PAC_bot

TG channel t.me/priceactionchart

My TG ID @tanya151181

Course details:
tinyurl.com/PAC2COURSE

All Ideas posted by me are for Educational Purpose.

Also on:

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.

tanya151181

Also on: