Nifty towards new LH in coming days!
Nifty Weekly View:
1. Nifty broke the previous low but failed to close below support.
2. More Pain if Nifty closes below 16350 on Weekly Basis.
3. The structure is not very positive and looks like another LH coming soon.
4. 17530 is first Resistance. Structure will change if Nifty breaks 18350. Road to ATH opens only above 18350.
5. Currently, not a very positive structure..breaking 16350, we can see 15960, 15600
6. Range Play 16850-17500 on cards
Nifty Daily View:
1. We have seen Strong Gap Down followed by Gap Up in last 2 days, looks like a short term recovery (gap-filling).
2. 17027 will act as a resistance (created by gap) followed by 17280
3. Low created on friday is crucial, breaking of 16475, we can again see fall till 16375..16150..
4. Not a very bullish structure, sell on rise on cards!
Looks like Sell on Rise Structure!
Let's see!!
Nifty Weekly View:
1. Nifty broke the previous low but failed to close below support.
2. More Pain if Nifty closes below 16350 on Weekly Basis.
3. The structure is not very positive and looks like another LH coming soon.
4. 17530 is first Resistance. Structure will change if Nifty breaks 18350. Road to ATH opens only above 18350.
5. Currently, not a very positive structure..breaking 16350, we can see 15960, 15600
6. Range Play 16850-17500 on cards
Nifty Daily View:
1. We have seen Strong Gap Down followed by Gap Up in last 2 days, looks like a short term recovery (gap-filling).
2. 17027 will act as a resistance (created by gap) followed by 17280
3. Low created on friday is crucial, breaking of 16475, we can again see fall till 16375..16150..
4. Not a very bullish structure, sell on rise on cards!
Looks like Sell on Rise Structure!
Let's see!!