Nifty 30M - Outlook Short

NSE:NIFTY30

Nifty 50 IndexNSE

Description

⋅ Apr 28, 2020 4:21 AM

Nifty has been testing it's important level 9400. Looks like NIFTY will retrace from here to 9000-8800

Comments

Kaushalpatel

⋅ Apr 28, 2020 4:59 AM

if it tests 9400 the third time it is going to cross that easily and will target 10000

most likely sceanario is nifty is going to close above 9400 in next 2 to 3 days

kpindoria7

⋅ May 1, 2020 4:35 AM

@Kaushalpatel, even if it goes to the 10k level, it would be back in trend and mostly will be a fake breakout.

can see the updated chart link above.

Kaushalpatel

⋅ May 1, 2020 6:06 AM

@kpindoria7, you are right it would be back in trend

but the trend is upside

even if it touches 9200-9300

it will be back in trend within 2 or three weeks and the trend is upside

just now it has rallied from 7500 to 9800

so it will reverse atleast 500 points nothing to worry about

the trend is up

kpindoria7

⋅ May 1, 2020 6:26 AM

@Kaushalpatel, I agree with you. I think it's important that it follows our analysis