The Indian benchmark Index Nifty is maintaining strong up trend.Last Friday on 28th June trading session some profit booking seen into the market,current trading strategy will be buy on dips. 23660 and 23400 could be react as a support level according to me or before these price level.
According to me the current trend of nifty is now range bound.The up side range is 22800 and down side range is 21700,trend will change after break those level.If nifty able to break 22800 then trend will shift to uptrend and after break the 21700 it will shift to down trend.
Now Nifty’s major resistance is 22775 and major support is 22460,if nifty able to cross and hold the price above 22775 then I am expecting nifty around 23100.
I think Nifty finally make a mode to change in trend, once again Index could meet the level 21500.If nifty able to maintain below the said level then supply will come into the market other wise again nifty bend the trend around that level. Watch for change in trend for this month around 4th,6th,(9th to […]
Well Nifty made a top around my given date on 11th March 2024 and a sharp fall happened into the market, and the bearish Wolfe Wave get confirmed by price action. The bearish Wolfe Wave is a rare happening price pattern. I will be very cautious to take my trading decision while I go for […]
