In the given Nifty 50 Daily time frame chart, we can see a parallel channel pattern and it's breaking out the channel and ready to form the new sky. We can see targets of 24000,24500,24850,25120,25300 in the positional basis. Get ready for the fly......... *Disclaimer: Above description is only for the educational purpose, please do not take any kind of...
Case :2 Short-term bearish view as per Daily Time frame.
Case : 1 Bear trap & Uptrend continuation (WEEKLY BASIS)
Nifty 50 is trading weak due to the profit booking and overbought zone. BE CAUTIOUS! BE CAUTIOUS! BE CAUTIOUS! BE CAUTIOUS! Can see a sharp sell as follows: 19845 19650 19450 19190 18900