CHANNELLING NIFTY MOVEMENT
Updated
1. Doji is indication that bears and bulls are equal strong and the winner moves the trend direction.
2. We are again seeing the dojis at the same level 16200 which indicate the bears are at breathe and trading range may get formed if the nifty does
not break the support of 16200 this week.
3. trading range is 16200 at lower point and the 16800 levels can be seen at the higher points
2. We are again seeing the dojis at the same level 16200 which indicate the bears are at breathe and trading range may get formed if the nifty does
not break the support of 16200 this week.
3. trading range is 16200 at lower point and the 16800 levels can be seen at the higher points
Note
Sustaining of nifty above 16342 can lead to the levels of 16550
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