Nifty Next Week: Clash between Bulls and Bears Could Continue.
Actualizado
Clash between Bulls and Bears Could Continue into Next week. while bulls will try to break this week's high of 24401 and Bears will try their best to bring the index down and gain some ground to breathe. It will be a tussle to watch out for with bulls having an upper hand as of now but situation can change in a jiffy. So we should have our stop losses in place and trailing stop losses also in place while we enjoy the upward ride. Very important week ahead which may decide the trend for rest of the month.
Important support levels for Nifty will be as under:
The zone between 24237 and 23967 has multiple supports including the 50 hours EMA at 24133. Below 23967 closing Nifty becomes weak and 23667 or 23531 are also possible. 23531 will be the most critical support as it is the 200 Hours EMA. Below 23531 the only substantial support will be at mid-channel which is around 23293. Below 23293 Bears can snatch the control of the market completely.
Important Resistance levels:
24401 to 24408 are most important resistances to watch out for. Above 24408 the levels of 24606 are possible which is the trend top as of now.
Disclaimer: Please do not trade based on this levels of spot nifty. This post is just for education. This is not a buy or sell recommendation.
Important support levels for Nifty will be as under:
The zone between 24237 and 23967 has multiple supports including the 50 hours EMA at 24133. Below 23967 closing Nifty becomes weak and 23667 or 23531 are also possible. 23531 will be the most critical support as it is the 200 Hours EMA. Below 23531 the only substantial support will be at mid-channel which is around 23293. Below 23293 Bears can snatch the control of the market completely.
Important Resistance levels:
24401 to 24408 are most important resistances to watch out for. Above 24408 the levels of 24606 are possible which is the trend top as of now.
Disclaimer: Please do not trade based on this levels of spot nifty. This post is just for education. This is not a buy or sell recommendation.
Nota
No change in levels or market outlook from what was given here from what was given here for tomorrow.
Happy Candles Investment
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