Nifty 50 Index

Nifty what’s our view

nifty 17893 - an ascending triangle pattern is visible in charts. Market data suggests shorts covering and longs added. Underlying is bullish with support from 17674.
17862 will be the trend decider.
We expect Nifty will be moved down to 17740 to 17674 to close existing positions and will be moved up.

Disclaimer