A 50% rise from the latest bottom, that calls for applause !!
Nifty is very religiously following the theoretical definition of a Trend Line.
There has been some seasonal support (*red zone) and resistance (*black zone) that will help in analyzing the next few moves of nifty.
We have a good -400 range on the downside and +300 range on the upside.
If Nifty breaks the trend line, it might behave irrationally for a week.
RSI looks good. So it has the least chance of happening.
Nifty can travel to fill some previous gaps without disturbing the trend line.
Happy Trading :)
Nifty is very religiously following the theoretical definition of a Trend Line.
There has been some seasonal support (*red zone) and resistance (*black zone) that will help in analyzing the next few moves of nifty.
We have a good -400 range on the downside and +300 range on the upside.
If Nifty breaks the trend line, it might behave irrationally for a week.
RSI looks good. So it has the least chance of happening.
Nifty can travel to fill some previous gaps without disturbing the trend line.
Happy Trading :)