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Indeks Nifty 50

Daily nifty analysis E-4

Oleh vibhorbairathi
In Friday session, Nifty has shown good strength despite no participation from heavy weight stocks like Reliance, HUL, TCS but there was good rally in banking stocks. Nifty has slowly reached the resistance level of 15875-15900. Would be very difficult for Nifty to cross this zone without heavy weights participation although pattern is strong, it might consolidate for 1-2 session.

Go long only if it crosses 15900

Short below 15825 only
Chart PatternsTrend Analysis
vibhorbairathi

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