Hi friends as I discussed yesterday nifty will going to touch its 5 MA on monthly nifty 50 chart. And it's value around 17136. Today nifty opens gap down at 17281 and then moved towards its 5 MA 17136 and reached upto 17216 and take a U turn and made a high 17553 and its closing is at 17503. Now what is the next?
On monthly chart its still showing weakness means it is sell on rise mode.
Tomorrow in first half you will see a rise in market upto 17700
And then if it is taking resistance at this point then we could see a fall again. So enjoy a call position tomorrow in morning and in second half use put position but after reading chart.
Now pls do your own analysis also on this then only take trade. Because profit and loss belongs to you.
Enjoy my analysis and give your comments and follow my blogs.
Thank you dosto.
💯💯
ReplyDeleteVery good Kundan
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