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Sarthak_Singh
Jul 26, 2020 8:33 AM

Nifty back in 1st Week of March'2020 ! 

Nifty 50 IndexNSE

Description

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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