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Souvik_mon
May 31, 2020 3:01 PM

NIFTY CAN GO UPWARD AFTER A RETRENCHMENT 

Nifty 50 IndexNSE

Description

IN NIFTY 9600 IS A HUGE RESISTANCE, BUT AS NIFTY BROKE CHANNEL IT CAN MOVE UPWARD.
BUT THERE IS A TWIST, AS PER RSI IT IS OVERBOUGHT, SO NIFTY CAN RETRENCH TO 9430, 9270, AND AFTER THAT IT MAY SHOW A UPTREND UPTO 9770,9880 TO FILL GAP

Comment

This idea is for weekly basis
Comments
swosti13
will nifty cross 10000?
Souvik_mon
@swosti13,
See nifty is in full bullish mood, a big buying pressure came to it...
And 10000 level is a great resistance to nifty, it can touch that level, but will sustain over 10000 after a retrechment or pullback
bimanphysics1
tomorrow range is 9336-9703-9873

if goes higher then 9913
Souvik_mon
Souvik_mon
U CAN MAKE A COMMENT TO CORRECT ME IF I AM WRONG, IT WILL HELP ME A LOT
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