NIFTY VIEW:
Nifty 50 (8086)
Nifty last week showed reversal signal but did not close abv 8200 and made an inverted hammer showing signals it will slide down to 7900..7880
Closing is near it support zone of 8000...7900.it has multiple supports in this zone if holds can again pull up to 8200 .But to catch its uptrend it has to close abv 8200...8300 zone
Signals are not clear about the direction of nifty
It is forming selling patterns as well as holding its support zone with sharp pull back rally
Keep positions light on positional views
Nifty 50 (8086)
Nifty last week showed reversal signal but did not close abv 8200 and made an inverted hammer showing signals it will slide down to 7900..7880
Closing is near it support zone of 8000...7900.it has multiple supports in this zone if holds can again pull up to 8200 .But to catch its uptrend it has to close abv 8200...8300 zone
Signals are not clear about the direction of nifty
It is forming selling patterns as well as holding its support zone with sharp pull back rally
Keep positions light on positional views
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