NIFTY UPDATE

Dear All,

In my last post about Nifty, I’ve clearly mentioned the Trading range of 10300-10600 which worked so perfectly. So, 10300-10600 range is intact.

10600 level was a confluence zone of fib ratios which act as a strong resistance level and see how price got rejected from there.

My view will remain the same, If Nifty Breaks 10285 then more downside possible and 10625 for upside.

 

I have attached Daily and Hourly Chart of Nifty for your reference.

Nifty Hourly Chart
Nifty Daily Chart

Cheers

Sid

Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

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