Good support formed around 550 level. RSI showing strength. Bullish Harami Cross on daily chart.
Buy above 5365 for 15,40,70+++ Sell below 5275 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 1948 for 10,25,50+++ Sell below 1933 for 10,25,50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
BULLISH above 32250 for 100,200,500+++ BEARISH below 31960 for 100,200,500+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
BULLISH above 14730 for 25,70,150+++ BEARISH below 14670 for 25,70,150+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
It has formed a falling wedge which is re-testing the trend line exactly at 61.8 FIB level. A breakout will result in an uptrend for the next few weeks. We have given you all the possible outcomes in case of a breakout. Educational purpose only - kindly do your own research. Good Luck.
FX:CADJPY Medium term outlook
TVC:DXY Medium term outlook
Expected Downside on May 17, 2021 (Stay Alert with Bank Nifty Too)
NIFTY 50 INDEX SIDEWAYS CORRECTIVE STRUCTURE
Pause in Momentum in BajajSugar and Short formation on the chart of Sugar commodity suggests retracement below the level of 12.47. And if range of 12.47 to 12.20 is broken, next target is 10.37.
NIFTY levels ...17/05/2021 (D candle)