Sachin_Ghodke
Long

Nifty 50 ( BULLS Vs BEARS) Daily Chart candlestick Analysis

NSE:NIFTY   Nifty 50 Index
Nifty index continued its formation of higher highs for six consecutive session and headed towards 10400 zones. What Recovery Bulls done holding its area 10100 then with power recovery strategy and consistent victory over bears made Bulls to find place as strong winner at this level 10390…. It formed a Bullish candle and closed above its 50 DEMA on daily scale.
Now the Phase is Bulls short term recovery harms Bears a lot but this is the Last time and area to recall Bears power to prove himself to Roar and take control on BULLS again, it will take time to shed of BULLS Power. For Nifty Index, it has to continue to hold above 10343 zones to extend its move towards 10448 then 10469 zones while on the downside supports are seen at 10343-10298 levels
As The Month of April Full of Action going on in Bulls Favor …will Bull Power gain with Financial Results of last Quarters? Or Bears would drag Bulls to NEW Lower Level of Previous Month?
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