TradingView
murthyonline
May 31, 2021 4:21 AM

NIFTY in Consolidation mode Weekly Update 2 

Nifty 50 IndexNSE

Description

NIFTY reached the upper line of supply area and just crossed and made a spinning top. Doji and spinning tops are the indecision areas and a probable reversal areas.

Any upward movement should be viewed with caution, as breaking the supply area is not so easy and lot of strength is required. To get conviction a few closes above this area needs to be looked into. 15350 plays an important role and holding above this is a must for upward momentum. Any close below 15350 indicates weakness in the Nifty.
Comments
kuber123
today nifty has closed above 15350 .tuesday lets see
More