Nifty weekly view
ditching all the levels and moving averages in between nifty has finally come to the model of previous high is now the new low.
it can be clearly seen nifty after registering a high of 18604 in October has been consolidating in a channel..
Currently nifty has tested its previous weekly/monthly breakout level and i expect market to grow from here, there will be a lot of key resistances in between.
as of now nifty bottom confirmation will be done when nifty futures manages to close above 15948 .
ditching all the levels and moving averages in between nifty has finally come to the model of previous high is now the new low.
it can be clearly seen nifty after registering a high of 18604 in October has been consolidating in a channel..
Currently nifty has tested its previous weekly/monthly breakout level and i expect market to grow from here, there will be a lot of key resistances in between.
as of now nifty bottom confirmation will be done when nifty futures manages to close above 15948 .