NIFTY 50 VIEW
Nifty 50 (11557)
• Nifty is in uptrend mode and it can show 11870 soon.
• Last week nifty consolidated in the latter part of the week.
• Now the breakout above 11580 can bring uptrend to show 11870.
• If nifty breaks 11530 zone, it can slide to its bounce back zone of 11480 which is a dip zone and can be used as buying opportunity.
• Positional support can be around 11340.
• Closing below 11340-11300 can be a sign of worry for short term traders.
Nifty 50 (11557)
• Nifty is in uptrend mode and it can show 11870 soon.
• Last week nifty consolidated in the latter part of the week.
• Now the breakout above 11580 can bring uptrend to show 11870.
• If nifty breaks 11530 zone, it can slide to its bounce back zone of 11480 which is a dip zone and can be used as buying opportunity.
• Positional support can be around 11340.
• Closing below 11340-11300 can be a sign of worry for short term traders.
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