HEY FAM,
- As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH).
- Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action...
Price is at all time high but no strength by the bulls. Better to stay on the sidelines than to take a fresh buy positions until 31900 is breached with strength.