Nifty opened gap up on 30th June and above the trend line which I have drawn, tested 15800 at the beginning and went to test it's resistance level of 15835.
For 2 hours Nifty stayed sideways and after that selling came. Now 15835 to 15845 become a Major Resistance for nifty.
So what to expect for 1st July 2021?
Nifty may open gap down or flat on 1st July 2021....
NIFTY Detailed Analysis from 31aug
PRICE ACTION,OPEN INTEREST & CHANGE IN OI, TECHNICAL ANALYSIS
Previous trading day Nifty Gap open at 11603
Made high of 11686 and
low of 11589 then
closed at 11648
High to close - 38 points down from day's high
Low to close - 59 points up from day's low
i.e Bull Power is 1.6X+ more than Bear power
BULLISH BIAS AS PER PRICE...
NIFTY RANGE FOR TOMORROW 06,Aug 2020
Nifty Today Close 11101
PRICE ACTION ANALYSIS
Today Nifty Made high of 11225 and low of
11065 then close at 11101 which shows the
Selling pressure on High.
High to close - 124 points down
Low to close - 36 points up
i.e Bear Power is 3X+ more than Bull power
BEARISH
NIFTY FUT (AUG) close - 11132
Future made High of...
