Nifty
Nifty Made a low of 5660 levels and pulled back after forming a Doji at lower levels.Now it retraced to the level of 61.8% retracement and closed above it.It also seems to be the Upper edge of the down ward channel. Now market may consolidate to the levels of 5850/5820 levels to where it may find support.
For now Nifty may correct to the levels of 5850/5820 before a strong up move towards 6190/6230.
Nifty seems to be moving in an upward channel making the higher lows and higher highs.
Nifty seems to be making a new high of 6190 soon.
Nifty Made a low of 5660 levels and pulled back after forming a Doji at lower levels.Now it retraced to the level of 61.8% retracement and closed above it.It also seems to be the Upper edge of the down ward channel. Now market may consolidate to the levels of 5850/5820 levels to where it may find support.
For now Nifty may correct to the levels of 5850/5820 before a strong up move towards 6190/6230.
Nifty seems to be moving in an upward channel making the higher lows and higher highs.
Nifty seems to be making a new high of 6190 soon.
gd work ananda
ReplyDelete