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BharatJhunjhunwala

If nifty fails to move above 12300 then most probably it will

Indice NIFTY 50 (NSE:NIFTY)  
BharatJhunjhunwala  
NSE:NIFTY   Indice NIFTY 50
Trend Analysis Technical Indicators Chart Patterns nifty50 bharatjhunjhunwala prorsi BANKNIFTY options-strategy
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trendanalysis indicator chartpattern nifty50 bharatjhunjhunwala prorsi banknifty options-strategy
Nifty ended up in a state of confusion. There was no defined action, being the week ending on weekly expiry this was much expected. However Nifty seems to be under pressure. The 12300 levels are intact from last few weeks and has been acting as a effective resistance. If nifty fails to move above 12300 then most probably it will test 11990, 11850 & 11600 in the weeks to come, to get its bullish signature back Nifty needs to break above 12300. Above 12300 we may see Nifty move up to 12390 – 12650 levels.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
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