29 Apr 2024 - Nifty resolves on the upside stance is Bullish now
Nifty Analysis - Stance Bullish⬆️
Recap from yesterday: "For Monday, we will go short if 22295 is taken out and will go long if 22519 is taken out."
Nifty started with a gap-up, then came down to close the gap. Once we hit the previous close level, magically Nifty50 got real strength and then started climbing. Nifty gained a total of 213 points ~ 0.95% to not only break out from 22159 but to reinstate its bullish position.
We are now very close to the ATH and once we take out that, we can safely remove the double top pattern. The indices are always resolving to the upside and it has been such a deadly journey for the Bears. Seems like they are facing an existential crisis. Bears will go extinct before Tigers in India.
Nifty50 algos today ended the day with losses of -19644 INR.
Recap from yesterday: "For Monday, we will go short if 22295 is taken out and will go long if 22519 is taken out."
Nifty started with a gap-up, then came down to close the gap. Once we hit the previous close level, magically Nifty50 got real strength and then started climbing. Nifty gained a total of 213 points ~ 0.95% to not only break out from 22159 but to reinstate its bullish position.
We are now very close to the ATH and once we take out that, we can safely remove the double top pattern. The indices are always resolving to the upside and it has been such a deadly journey for the Bears. Seems like they are facing an existential crisis. Bears will go extinct before Tigers in India.
Nifty50 algos today ended the day with losses of -19644 INR.
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