NIFTY OUTLOOK
업데이트됨
In the previous NIFTY OUTLOOK Nifty was expected to be range bound within the zone 17442-17561 for continuously 3 days Nifty was range bound with closing in the mentioned range. And on Thursday evening I expected a breakout and I thank NIFTY for respecting the expectation on Friday market opening.
Currently NIFTY is expected to open gap up on the occasion of Muhurat trading . And this gap up is expected to be a Break away Gap as well. It may trade sideways and then come down towards the previous close to form a Pivot Point. Once the pivot point is identified I would update the same in this post .The upcoming resistance level would be 17850-900 level as it is an important Support and Resistance level and it is the 78.6 % retracement level of the entire downside trend from NIFTY's all time high.
A long term view for NIFTY could be seen in this way ,As majority of the global market indices haven't even retraced 50% of the entire downtrend, any bullishness in them could push the indian markets even higher towards 18900.
CHART & ANALYSIS BY - ADARSH DEY
Link to my Previous Idea:
Currently NIFTY is expected to open gap up on the occasion of Muhurat trading . And this gap up is expected to be a Break away Gap as well. It may trade sideways and then come down towards the previous close to form a Pivot Point. Once the pivot point is identified I would update the same in this post .The upcoming resistance level would be 17850-900 level as it is an important Support and Resistance level and it is the 78.6 % retracement level of the entire downside trend from NIFTY's all time high.
A long term view for NIFTY could be seen in this way ,As majority of the global market indices haven't even retraced 50% of the entire downtrend, any bullishness in them could push the indian markets even higher towards 18900.
CHART & ANALYSIS BY - ADARSH DEY
Link to my Previous Idea:
액티브 트레이드
Near to Target
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.