Wealthcam

NIFTY is ready for another 100-200 points rally above this lev…

NSE:NIFTY   Nifty 50 Index
NIFTY now has formed double bottom in both bigger time frame and smaller time frame which shows buyers are stronger than sellers, now the level 17540 has been tested multiple times and hence a flat to small gap up opening in NIFTY could give some better opportunity as making new buying position as soon as the level is breached for a minimum of 60-100 points

No selling position unless the last swing is taken out, huge selling is also expected as multiple gaps has been created at lower levels and hence expected to fill those gaps before making new highs

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.