bijoy2526

NIFTY pause before final move?

Long
NSE:NIFTY   Nifty 50 Index
gap up opening and sold from high.
still maintains the up move.
in hourly charts seems to be consolidating around the black line shown in the chart.
if breaks today's low may fall to 15430-15480
and that is the buying zone.
otherwise if breaks today's high may break the channel in that case target is shown in the chart.
in both cases the up move is intact .
after the up move reliance is consolidating.
how ITC reacts to its result it is to be seen tomorrow( as it is also a heavy weight in the index)
sbi has started its up journey.
probability of breaking today's high is also there.
still nifty is not for shorting it should be bought if falls a little.
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Comments

You are the very few who has been able to correctly predict the markets
+1 Reply
Looks likey for 17000 levels!!
Reply
Great analysis sir..
Nifty Bounced back exactly from your levels
Reply
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