chambalabs

chambalabs Updated 

Nifty has taken support at the channel trend line. It has made a strong marubozu candle. It has room to move up. My view for tomorrow is Bullish...

chambalabs

Nifty50 is in a very narrow Support and Resistance zone. This can give a very good movement. Today's Dorji points to uncertain move tomorrow. It clearly has taken support at it's trend line, just like yesterday. Yesterday, was a bearing engulfing candle that engulfed complete week's candles. And a red Dorji points to a clear bearish forecast. My target would be 10890 .

chambalabs

Nifty50 is at the fag end of the Bull trap. It fell short of it's Fibo resistance, didn't even touch it. It's candles have been small lately. It has taken it's 3 month's trend line support. Between trend line support and Fibo resistance, it has very little room for manouvering. It either has to breakout the resistance in next few days or break it's support on...