Nifty view for this week
Chart Pattern Shows 2 Observations
- Inverted Cup and Handle Pattern, Which shows Strong Bearish Move Below 11600
- Clear Down Trend Channel
- Fibonacci Retracement view shows, Market is taking support near 50%=11619
- Normally Nifty takes Support at 61.8% Retracement Level Which is 11506
- So 11500 is Very Very Important Support to hold for this Up-Trend
- If breaks Below 11500 we may see
78.6%=11344
100%=11137
Currently Strong Resistance Formed at 11841, sustain above this will neglect this Bearish view.
Open Interest Data:
12000 Strong Resistance & 11700 Strong Support
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.
Chart Pattern Shows 2 Observations
- Inverted Cup and Handle Pattern, Which shows Strong Bearish Move Below 11600
- Clear Down Trend Channel
- Fibonacci Retracement view shows, Market is taking support near 50%=11619
- Normally Nifty takes Support at 61.8% Retracement Level Which is 11506
- So 11500 is Very Very Important Support to hold for this Up-Trend
- If breaks Below 11500 we may see
78.6%=11344
100%=11137
Currently Strong Resistance Formed at 11841, sustain above this will neglect this Bearish view.
Open Interest Data:
12000 Strong Resistance & 11700 Strong Support
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.