riteshkelkar45

riteshkelkar45

As per yesterday’s Analysis, price has broken its double top formation and also the levels of 17160 and 17050 .now we are totally dependent on tomorrow's opening .If the market opens above 17050 we can see some short covering till 17160 and if the price breaks and sustain(30 minute candle closing) below the level of 16950. I will not be surprised we will be...

riteshkelkar45

A double top pattern has been formed in nifty with an ascending trendline . Tommarow with gap down we can see a breakdown of double top pattern or trendline FII’S have purchased some longs expecting nifty to give a 40-50 points move upward from the support zone of 17225-17160.which also retest the trendline and from there further weakness can be seen. Happy trading