Jun22-W5: Can Nifty fill the gap? (Jun27 to Jul1)
What I said last week was that I would not be surprised if Nifty manages to give a swing-high to 15625. Now the following is my analysis for coming week:
Nifty is positioned nicely for a big jump. It carries a good momentum from last week. The upward push can help Nifty in filling a big gap between 15886 and 16172. The party pooper can be the 15900 level as I see some parallel channels converging there.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 16175 and 15425
Downtrend - If breach below 15425; to drop somewhere till 14975
Uptrend - If breach above 15425; to rise somewhere till 16700
Is there going to be a ceasefire to the Ukraine-Russia war? Hope so. Is that news absorbed? I don’t think so.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Nifty is positioned nicely for a big jump. It carries a good momentum from last week. The upward push can help Nifty in filling a big gap between 15886 and 16172. The party pooper can be the 15900 level as I see some parallel channels converging there.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 16175 and 15425
Downtrend - If breach below 15425; to drop somewhere till 14975
Uptrend - If breach above 15425; to rise somewhere till 16700
Is there going to be a ceasefire to the Ukraine-Russia war? Hope so. Is that news absorbed? I don’t think so.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.