#Nifty #fibbonnaci #trendanalysis
Watch the levels 📈14420-14430 for tomorrow as the index might gap amid the global cues . The rally might extend towards 14800 on weekly basis if the above levels are breached on daily closings.
Support - 📉14200-14175 for the current up trend.
Watch the levels 📈14420-14430 for tomorrow as the index might gap amid the global cues . The rally might extend towards 14800 on weekly basis if the above levels are breached on daily closings.
Support - 📉14200-14175 for the current up trend.
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We may see a intraday profit booking from the upper level range around 14620.
#nifty #trendanalysis
●Nifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.
●Now since past 15 min closing we see that further selling pressure is not escalated, so wait for the todays high to break for fresh long positions.
●Also look for the all time high (14660*) for the next wave.
●The build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.
●The supports are 14560 -14460.
●Nifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.
●Now since past 15 min closing we see that further selling pressure is not escalated, so wait for the todays high to break for fresh long positions.
●Also look for the all time high (14660*) for the next wave.
●The build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.
●The supports are 14560 -14460.