How NSE:NIFTY1! looks like going forward?
(-1) This week's close is lowest of last 4 week. There was a red doji last week. Which gets clear confirmation on this week's closing.
(-1) Weekly volume is highest of last 4 weeks.
(+1) Nifty comes back to the uptrend channel with bullish kicker candle formation.
(+1) If you follow BB...
Nifty Prediction for Monday:
Sideways to Moderately BULLISH
Nifty likely to Open Flat or Gap down, 19673 is the key level to watch if price sustains above we can take long entry for 20K next week Target.
If any weakness and closes below 19642, lower targets are possible.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance...
Nifty Coming Week - Trending move is expected.
Trading Range between 18150 & 17730, Nifty looks still bullish we have strong support at 17800 & 17730 level from here we can expect upmove in Nifty.
If incase any weakness and closes below 17700, we would see 17600 which will be tested.
Tomorrow (Monday) - BEARISH with Negative Sentiment - If any gap up open and...
Nifty closed on Friday with Positive note, but still the Major trend what I see is BEARISH. We have narrow Weekly CPR in Nifty.
Expectation : BEARISH / Negative Sentiment - Next week is going to be trending week, We have wide Resistance zone at 18080 - 18000 where we can expect reversal towards Down side. On the Downside 17765 is the support zone if that is...
Nifty is forming Flag Patterns and on Friday close it exited the flag channel then closed below.
As Global cues are negative our market is also expected to Open Gap down on Monday.
This week We can expect 16900 will be tested before it takes the next up move.