NIFTY 50 VIEW
NIFTY 50 [11515]
▪AFTER SHOWING BEARISH MOVES THROUGHOUT THE WEEK, NIFTY SHOWED MINOR RECOVERY, WITH A GAP-UP OPEINING ON FRIDAY. THE WEEK ENDS-UP FORMING A RED HAMMER CANDLE PATTERN, INDICATING FURTHER BEARISH MOVES IN THE COMING WEEK.
▪NOW, IF SUSTAINS BELOW 11480 LEVELS, IT CAN SHED TOWARDS 11440-11430 ZONE. AND ON MAINTAINING BELOW 11430, IT CAN SLIDE FURTHER TO FILL THE GAP CREATED ON FRIDAY TOWARDS 11380.
▪TRADES ABOVE 11560, WILL BRING SOME REVERSAL IN THE INDEX TOWARDS 11600-11640 AREA.
NIFTY 50 [11515]
▪AFTER SHOWING BEARISH MOVES THROUGHOUT THE WEEK, NIFTY SHOWED MINOR RECOVERY, WITH A GAP-UP OPEINING ON FRIDAY. THE WEEK ENDS-UP FORMING A RED HAMMER CANDLE PATTERN, INDICATING FURTHER BEARISH MOVES IN THE COMING WEEK.
▪NOW, IF SUSTAINS BELOW 11480 LEVELS, IT CAN SHED TOWARDS 11440-11430 ZONE. AND ON MAINTAINING BELOW 11430, IT CAN SLIDE FURTHER TO FILL THE GAP CREATED ON FRIDAY TOWARDS 11380.
▪TRADES ABOVE 11560, WILL BRING SOME REVERSAL IN THE INDEX TOWARDS 11600-11640 AREA.
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