The previous week targets and supports were respected dot to dot. The upcoming week is expected to be good but cautiously. The expected target for the upcoming week is 18800 levels once it crosses the black TL drawn. Why the level is so important because it is a cluster point of the COVID downtrend and FEB –APR 2021 downtrend. The weekly support level is 17947.65.
I am really sorry,unable to explain properly this time due to busy weekend. Rest all detailed explanation will be updated daily in update idea section. So please follow and like to stay updated with daily support and target levels.
CHART & ANALYSIS- ADARSH DEY
Comment
⋅
Nifty needs to close above the trendline B, to confirm its upside momentum for the mentioned target. This week we may see a big black candle and i hope that would just be a buying opportunity.
Comment
⋅
NIFTY near support and a Bullish Wolfe Wave formed
@RamaSriram, I don't know exactly but sooner or later, we may see a big black candle by the expiry. Options is rewarding only when we buy it at the right time for either direction. All the best.