Nifty made bearish candle on weekly chart and before this week nifty already made hanging man pattern and on daily chart nifty looks unpredictive as nifty made continuously inverted hammer then dark cloud cover with advance block and in last two days of week it came as selling pressure and seems very less streght to go in up side. and it closing below 200 ema on continuously on daily chart .
so i would like to remain in trend if selling pressure continues then it can go up 7950 in downside and if deat cat bounce comes from 8100 then it can go up to 8250 in up side and i assume that nifty trading range can be 8277-7916 for this week.
This is not for trading purpose this is for my personal study thanks.
so i would like to remain in trend if selling pressure continues then it can go up 7950 in downside and if deat cat bounce comes from 8100 then it can go up to 8250 in up side and i assume that nifty trading range can be 8277-7916 for this week.
This is not for trading purpose this is for my personal study thanks.
Closed @ 8086
20EMA @ 8210
50EMA @ 8382
100 EMA@ 8409
Resistence: 8217,8256,8391
Support: 8035,7991,7918,7828,7718
No comments:
Post a Comment