PLEASE REFER TO DAILY TIMEFRAME ANALYSIS POSTED EARLIER TO THIS FOR BETTER VIEWS.
THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
HAPPY TRADING !
SAME AS NIFTY BANKNIFTY IS ALSO IN A DOWNTREND WHEN WE TOOK AT DAILY TIMR FRAME.
IT WAS NEAR ITS SUPPORT AREA THE PAST WEEK AND WAS SEEN RESPECTING THAT ZONE.
IF IT BREAK THE TREND LINE UP WE COULD SEE A STRONG BULLIISH MOVEMENT AND THE UPPER ZONE COULD ACT AS RESISTANCE
IS IT RESPECTS THE TRENDLINE THEN WE COULD SEE A BEARISH MOVEMENT AND A GOOD SUPPORT AT THE...
NIFTY IS STILL IN A RANGE OF 14300 AND 14900 , NIFTY ON FRIDAYBROKE THE LEVEL OF 14750 AND NOW THIS WILL ACT AS A SUPPORT AND 14870 WOULD ACT AS ATHE 1ST RESISTANCE
ON 10/50/2021 ie. MONDAY ,IF NIFTY BREAKS THE LEVEL OF 14870, IT CAN SEE MINIMUM UPSIDE TOWARDS 14950
THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
HAPPY TRADING !
NIFTY is in a down trend when we look at the daily time frame, respecting the down trend line . It was unable to break 14900 this week .
We could se some great support near the purple rectangle drawn .
If it remains bullish we may see a support near 14500
If it breaks upward we could see a resistance near 15200 in a couple of days
This view are only for...
