Nifty back in 1st Week of March'2020 !

NSE:NIFTY   Nifty 50 Index
A 50% rise from the latest bottom, that calls for applause !!
Nifty is very religiously following the theoretical definition of a Trend Line .

There has been some seasonal support (*red zone) and resistance (*black zone) that will help in analyzing the next few moves of nifty .
We have a good -400 range on the downside and +300 range on the upside.

If Nifty breaks the trend line , it might behave irrationally for a week.
RSI looks good. So it has the least chance of happening.

Nifty can travel to fill some previous gaps without disturbing the trend line .

Happy Trading :)


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