Nifty: 31st July Session And Preparation For Tomorrow

NSE:NIFTY   Nifty 50 Index
232 2
Today market opened with a gap and faced resistance at 10048 but showed strength and held the first 15 min. low. It then broke out of the resistance, made a new high of 10061, retraced and gave a false beak out of the day's high. After that a tweezer top can be seen along with a bearish pattern which looked like a top for today. But market gave a false breakdown through the support of 10048 and the Doji gave some hope to the bulls. The rest of the session was all bull control and bears covering their shorts.

If bulls take control tomorrow we may test out minor target at 10095 and probably the final target 10114. OR the bears may be aggressive in the morning and we may face some retracement, In that case PRZ are the area (see the chart) to watch out for an upside reversal.

Hit Like/Comment if this information is useful.

Trade Safe,Stay Healthy

Best Regards
Comment: minor target hit

Today's Session Update
Comment: 2nd August Preparation.
Doubt whether Nifty might enter friday's area tomorrow! New high will be be made in the next couple of days....
Bravetotrade Parasuram
@Parasuram, may be.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out