Nifty 50 Index
Long
Updated

Nifty breakout

Nifty is currently in a Megaphone Pattern, There is a possibility of nifty reaching the resistance points, but due to recession factors in the world, There is a possibility of a reversal too. Be cautious. Some of the points are been mentioned here as the resistance and support points with the pivot point for changing
Note
Nifty following the pattern, stay cautious for the q3
Note
Nifty broke resistance 2 but market is under extreme greed, the market could retrace back to 18100 due to russian oil cap
Note
Nifty is going through market cooldown phase. Resistance 2 could be touched in a few days.

Disclaimer