Nifty Review for Aug 9

NSE:NIFTY   Nifty 50 Index
On 1hr Chart
- Alligator on Downside Eating Mode.
- CCI on Bearish Trend .
- ADX on above 20 on Bearish Trend .
- Trend Line broken on Aug 8.
Status - Bearish

On EOD Chart
- Alligator on Upside Eating Mode and the mouth wild open.
- CCI on changing Trend.
- MACD on changing Trend.
- Trend Line broken on Aug 8.
Status - Neutral

As per the Multi Time-frame Analysis, Nifty may have some correction on downside up to 9920 but if the spot not break the downside level then it will move upside up to 10050.
Long break on 10005 and Target - 10050
Short break on 9970 and Target - 9920
Trade active: on downside
Trade closed: target reached
Nice One. Cheers
+1 Reply
raj3elite rrajkumar86
@rrajkumar86, thanks nanba...
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