nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.
There's more chance to get a fall on nifty.
As per the time cycle nearby date 20 April, we may see nifty 8800 below.
the possibilities of price movement is depicted with arrows.
Also note, its not possible to teach the importance of the zones through a picture, reach out to me on my instagram: saahil_nfx.
I TEACH FOR FREE.
The zones provided by me would work most of the time. If you want to save your time and watch certain scripts for the daytrade purpose for 24th April, these...
In last update, I have updated everything about nifty which was clear. Actual support also mentioned 11854(made low 11844). Still nothing is much change in this update.
Support 11854 is strong and reference of Cycle(ii) 11934-11955 non stop move. Breaking and closing below 11812 previous investor's supoprt will push nifty down but chance is very low till.
Cautiously optimistic seems to be the mood of the street. After a major reform for corporate tax we did see some bouts of optimism, will it be sustained is what is important to be watched in the coming weeks. Seeing a wild swing of almost 300 points on the nifty and 1300 point on nifty bank, it looks the bulls may take a breather or may look for further cues...