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MARINE_TRADER
Jun 5, 2020 2:35 PM

NIFTY FORECAST Long

Nifty 50 IndexNSE

Description

FOLLOW THE NUMBERS ON CHART AS FOLLOWS

1 - GAP LEFT TWICE, IN CASE OF A MAJOR CORRECTION 9600 APPROX WILL ACT AS IMMEDIATE SUPPORT.

2 - IMMEDIATE RESISTANCE FACED BY NIFTY WHICH IT MIGHT OVERCOME BY GAP UP OPENING TOMORROW. IF NOT GAP UP EXPECT THE GAP TO BE FILLED SOON.

3 - NEXT RESISTANCE LEVEL IS OF AROUND 10500 LEVEL WHICH ALSO HAPPEN TO BE 0.618 LEVEL OF FIBONACCI SERIES. MARKET CAN MAKE SHARP CORRECTION FROM THERE.

Comment

GAP FILLED AS MARKED (1) ONCE THE 10500 MARK IS CROSSED BULLISH RALLY WILL BE CONFIRMED (3)

Trade closed: target reached

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