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raavigeorgian

Nifty Analysis for 17th May

Long
Indice NIFTY 50 (NSE:NIFTY)  
raavigeorgian  
NSE:NIFTY   Indice NIFTY 50
Trend Analysis Chart Patterns NIFTY indextrading globalmacro nifty50trend niftysupport
3
0
trendanalysis chartpattern nifty indextrading globalmacro nifty50trend niftysupport
The S&P 500 has shown a decent recovery in the last couple of days. (Inflation woes being resolved?)
The NIFTY is trading very close to its long term Weekly Trendline. Depending on global cues, will consolidate a bit and then make a good move on the upside.

*I reserve the right to be wrong.
For educational purposes only.
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