GIFT NIFTY 50 future move based on buy sell zones NSEIX:NIFTY1! GIFT NIFTY has reached the previous sell zone which gave nice selling pressure,
if gift nifty reacts to sell zone and breaks parallel channel it has formed just below the sell zone , then we can expect a trend reversal with sharp selling unless we get to see sideways movement at the sell zone ant then breakout of the sell zone.
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WILL GIFT NIFTY COUNTINUE THE ATH RALLY?NSEIX:NIFTY1! GIFT NIFTY is currently trying to maintain upside move at the previous sell zone should it break abd sustain above it, we may see few more green candles on daily TF unless it starts making fresh lower low lower highs by breaking the 2 fresh buy zones created below. watch the move closely to plan your trades ahead.
GIFT NIFTYGIFT NIFTY is moving at high but with very less volume. Which shows the correction in market. Gift nifty is showing bearish in short term view with target 26,400 and strong support atbsame level, if support was not taken we can expect further downside with a target of 26,120. If Gift Nifty took support and moves above 26,600 we can see upside target 26,800.
This is just my analysis
Gift Nifty Future 15 min time frame wave analysisGift nifty future 15 min chart wave analysis
In our nifty future chart a new piece has developed in a motive wave. This is the nature of impulse wave which has 5 waves. After that abc zigzag correction has happened. Therefore the next impulse wave anticipate. If a complex correction is formed then x wave will be formed.
Thank you
Disclaimer
I am not SEBI registered financial adviser, it is my personal research and posted for only educational purpose. Before taking any trade or investments please take advice from your financial adviser.
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