Nifty50analysis
NIFTY LEVELS AND MOREI've plotted few important levels for NIFTY on the chart.
One thing I noticed was the 200 MA nearing the current price which shows signs of weakness and possible drop after a week of consolidation.
The more there is consolidation the more aggressive will be the trend bearish/bullish.
NIFTY LOOKS BULLISH FROM HERE!The in depth analysis has been explained in the chart itself. My whole analysis is on the basis of pure price action and no indicators are involved/used. Similar chart analysis can be seen on reliance chart as well on friday. Looks like on Monday reliance may support nifty to move upwards!
nifty 50nifty in the still not bullish nor bearish just note the range and trade safely
just follow the market don't be bullish or bearish ...let market go on its direction we will trade on its direction an take profit
just follow the price action
coming to the point ; the range for nifty in this week could be ;
the upper price limit :10200
the middle upper limit:10000
the middle lower limit: 9600
the lower limit : 9550
note down these levels for this week and if price cross this levels we will discuss the new levels