Nifty50 positional analysis
Diupdate
- Nifty the benchmark is currently placed at 38.2%
retracement along with 20 ema on the weekly chart!
The 17500-17550 zone has multiple moving average clusters.
the trend is still strongly in favor of bulls
the index is placed at trendline support too.
the major concern: the open = high candle formed due to poor infy results is a pain point.
talking about levels:
Support for the index comes at 17550 followed by 17220-200 while resistance is placed at 17870 and 18130 zones
with earning season on, expect a surprise on the cards!!
Trading ditutup: target tercapai
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