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Nfty50

Jun22-W2: Nifty to squeeze? (Jun7 to Jun11)What I said last week was that Nifty’s rise can continue till 16650 but I did not know what would happen next. Now the following is my analysis for the coming week: It may seem like Nifty is going green but looking at chart from April 4th, all that Nifty has managed to do is to create a lower high. With stochastic being in overbought territory, the indicators are that Nifty should not rise further. There is a support being provided at 16400. I expect Nifty to oscillate around that level this week. Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)… Consolidation - Between 16800 and 16375 Downtrend - If breach below 16375; to drop somewhere till 16075 Uptrend - If breach above 16800; to rise somewhere till 17075 If someone wants to learn how to become hero from zero, just take inspiration from Crude Oil DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
NSE:NIFTY
by wwannabebull