PREDICTING ANYTHING IN THIS DAYS IS MOST DIFFICULT BUT THERE ARE SOME POINTS ON CHARTS THAT CAN GIVE US SOME HINT ON NIFTY RECENT BULL RUN .. WHILE EVERYBODY THINKING ITS A REVERSAL OR RETRACEMENT?
THERE ARE SOME POINTS ON CHART THAT SHOWS NIFTY BULL RUN CAN MAKE A HALT ON THIS BULL RUN
(1) THERE IS A LONG TERM SUPPORT AROUND 10K WHICH CAN BECOME RESISTANCE
(2) ITS 50% RETRACEMENT AROUND 10K OF THE RECENT FALL
(3) ITS 1.272 PROJECTION TARGET OF RECENT BULL RUN WHICH WE CAN SEE ON DAILY CHART
(4) THERE MAY BE RSI 40 RESISTANCE ON WEEKLY AND RSI 60 RESISTANCE ON DAILY CHART WHICH CANT BE PREDICTED
(5) HIGHEST OI BUILT UP @ 10K STRIKE PRICE ON MONTHLY EXPIRY OPTION CHAIN ON CALL SIDE & 2ND HIGHEST ON 16 APR EXPIRY @ 10K WHICH
CAN BE RESISTANCE
THERE ARE SOME POINTS ON CHART THAT SHOWS NIFTY BULL RUN CAN MAKE A HALT ON THIS BULL RUN
(1) THERE IS A LONG TERM SUPPORT AROUND 10K WHICH CAN BECOME RESISTANCE
(2) ITS 50% RETRACEMENT AROUND 10K OF THE RECENT FALL
(3) ITS 1.272 PROJECTION TARGET OF RECENT BULL RUN WHICH WE CAN SEE ON DAILY CHART
(4) THERE MAY BE RSI 40 RESISTANCE ON WEEKLY AND RSI 60 RESISTANCE ON DAILY CHART WHICH CANT BE PREDICTED
(5) HIGHEST OI BUILT UP @ 10K STRIKE PRICE ON MONTHLY EXPIRY OPTION CHAIN ON CALL SIDE & 2ND HIGHEST ON 16 APR EXPIRY @ 10K WHICH
CAN BE RESISTANCE
Trade closed: target reached