Hello Traders,
My thoughts and idea's as of my latter analysis are still valid!
NIFTY50 filled the closed gap, what was done on Wednesday, with volume and extend to 17599 on a daily closing price. It also closed at an area, where bears and bulls were invested nearly equal with their options and Futures. So I guess, this level will be really important in the coming week.
If N50 will extend his gains, another possible price area is, as I told you before, at or around-17800-17820 range!
If N50 shows some "weakness" it should decline to 17530area and here, it would be met a decision, if price will trend lower or reverse short trend!
So, it would be pretty interesting on the next 1-2 session for the trend of next week!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
My thoughts and idea's as of my latter analysis are still valid!
NIFTY50 filled the closed gap, what was done on Wednesday, with volume and extend to 17599 on a daily closing price. It also closed at an area, where bears and bulls were invested nearly equal with their options and Futures. So I guess, this level will be really important in the coming week.
If N50 will extend his gains, another possible price area is, as I told you before, at or around-17800-17820 range!
If N50 shows some "weakness" it should decline to 17530area and here, it would be met a decision, if price will trend lower or reverse short trend!
So, it would be pretty interesting on the next 1-2 session for the trend of next week!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!