Sachin_Ghodke

Nifty 50 ( BULLS Vs BEARS) Daily Chart candlestick Analysis

Short
NSE:NIFTY   Nifty 50 Index
Nifty index continued its positive momentum and headed towards 10759 levels. Bulls are heading to higher level index gained highest mark of the continuation 10759 and in the end of the session it closed with selling pressure. It has formed a Bullish Candle with top wick on the daily chart . It is forming higher highs – higher lows on daily scale from last three trading sessions which indicates that supports are gradually shifting higher.
Now it has to continue to hold above 10700 zones to extend its move towards Hurdles are 10769- 10787- 10811 zones while on the decline supports are seen at immediate 10710- and support shifted 10638 then 10580 levels.
Comment: keep booking
Comment: todays Day Booking @ 10700 zones...Target Done
Comment: Look ..BEARS ROAR...and Gripping over BULLS....be ready to shoot on
Comment: Now Index has to hold above 10638 to witness an up move towards 10693 then 10735 zones while below 10638 it could start further weakness towards 10550 and 10500 zones

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