chinmayjog

A doji on NIFTY giving a warning

NSE:NIFTY   Nifty 50 Index
NIFTY formed a doji candle on the daily chart. The weekly expiry today meant that the day would be volatile. Candle formed tomorrow would tell further about the next trend. If tomorrow's candle closes above today's high of 18272, then we can expect further upside towards 18500 next week. On the contrary, if it closes below 18150, then a downward move can be expected next week.

Disclaimer: I am not a SEBI registered investment advisor. Views here are for purpose of self-study and should not be taken as trading advice.

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