Indeks Nifty 50

NIfty Prediction today 31st Oct

70
Nifty has been quite bullish for past 2 days after a long fall. but it seems it has a resistance to upside now as shown in the chart. It might move to the 19250 and then have some consolidation.
Reason:
  1. 200 EMA Resistance (Good Resistance)
  2. Price Action Resistance (Red Zone upside)
  3. Price > (13,50) EMA (shows bullishness)
  4. EMA(13,50) Crossover (Bullish)
  5. PCR = 0.78 (Neutral)
  6. RSI > 50 (Bullish)
  7. RSI Bearish Divergence


Verdict:
Mild Bullish

Plan of action:
Observe the 15 min Candle, follow the price action.

Pernyataan Penyangkalan

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