The S&P 500 has shown a decent recovery in the last couple of days. (Inflation woes being resolved?) The NIFTY is trading very close to its long term Weekly Trendline. Depending on global cues, will consolidate a bit and then make a good move on the upside. *I reserve the right to be wrong. For educational purposes only.
NIFTY BREAKS RISING WEDGE NEXT SUPPORT LEVELS 13355 13280 disclaimer - for study purpose only.
Nifty - Technical Analysis: -Nifty gapped up above 11500 and soon fell down to fill the gap -After a small pullback it fell a bit more to another trend line forming a lower low, After two failed attempts to get a strong bear trend nifty reversed up a bit Market - Driving Factors: -Among sectors, except bank and auto, other indices ended in the red. BSE Midcap...
Nifty is not tracking global clues and its kind Atma Nirbhar so 8800 is a crucial level to watch Fii are heavily making shorts in the system ,lets c