Momentum bar helped to understand short term range of Nifty.
currently nifty is in consolidation range. If Nifty breaks above 12965 -> expect a good rally or s start of bull market
if Nifty closes below 12745 , short term correction
this month close is very important.
currently nifty is in consolidation range. If Nifty breaks above 12965 -> expect a good rally or s start of bull market
if Nifty closes below 12745 , short term correction
this month close is very important.
Commentaire:
Opening perfect and Nifty made a high of 12961 as Momentum bar high is resistance for nifty in short term.