NIFTY 50 VIEW
Nifty 50 (9827)
Nifty has made a neutral doji followed by gap and island formation in short term charts.
These signals portray the reversal of the trend. As of now nifty had been forming selling patterns in the past trading sessions and reversed with uptrend moves.
This time too the average monthly range is over around 9820 but as nifty is in uptrend mode, if it again holds 9790...9820 zone, it can enter into a new rally zone to show 9948-9980-10000.
Below 9790, it can show 9740..9720.
Nifty 50 (9827)
Nifty has made a neutral doji followed by gap and island formation in short term charts.
These signals portray the reversal of the trend. As of now nifty had been forming selling patterns in the past trading sessions and reversed with uptrend moves.
This time too the average monthly range is over around 9820 but as nifty is in uptrend mode, if it again holds 9790...9820 zone, it can enter into a new rally zone to show 9948-9980-10000.
Below 9790, it can show 9740..9720.
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