NIFTY VIEW:
Nifty 50
Nifty as mentioned yesterday made a double bottom and went up to 8426.
It did not cross 8440 the stiff resistance zone but ended with a spinning top candle formation.
Today if nifty trades above 8440 ..8460 zone it can show good upward move which can take it to 8480..8500.
If maintains below 8370 nifty can cool down to 8270..8300 the positional bounce back support zone.
Nifty 50
Nifty as mentioned yesterday made a double bottom and went up to 8426.
It did not cross 8440 the stiff resistance zone but ended with a spinning top candle formation.
Today if nifty trades above 8440 ..8460 zone it can show good upward move which can take it to 8480..8500.
If maintains below 8370 nifty can cool down to 8270..8300 the positional bounce back support zone.
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