Good Morning!
On observing the current chart setup, we can clearly see the formation of a Doji pattern, both on the daily as well as on the weekly chart. Which is somehow indicating cautiousness among the Market participants.
So, as of now it will be better to suggest to be stock specific with the stated support level of 17800 on closing basis.
Apart from this, the overall market sentiments still seem to be positive. Thereby, it seems that Nifty is somehow ready for a new high in the near-term.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18202.80 (85.65)
Regards,
Alok Daiya
On observing the current chart setup, we can clearly see the formation of a Doji pattern, both on the daily as well as on the weekly chart. Which is somehow indicating cautiousness among the Market participants.
So, as of now it will be better to suggest to be stock specific with the stated support level of 17800 on closing basis.
Apart from this, the overall market sentiments still seem to be positive. Thereby, it seems that Nifty is somehow ready for a new high in the near-term.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18202.80 (85.65)
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya