HOW TO TRADE ON NIFTY ON EXPIRY.
Nifty is making a bull run according to MACD of daily chart frame but as we know corona cases is increasing so at the end be cautious the market may fall.
behind the scenes:
FII BOUGHT 227CR DII BOUGHT 381CR.
EUROPEAN MARKET DAX shows negative sentiments.
SGX nifty is trading positive at the time of review
Advance to decline...
All breakouts and targets are mentioned on the chart.
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trade on your own risk, analysis is just for educational purpose.
Previous trend easily breached, new trend showing a double top (indicated by arrows) which is a harmonic reversal pattern and could be an indication for bearish price action. MACD saw negative divergence on the double top as well, indicating the trend is losing strength. But the trend just broke out and it is also rational to suggest it is unlikely a correction...