Hello Traders,
NIFTY50 has popped to the upside at Friaday`s session and close the week @ 19517! The move from the ATH @ 199981 was a clear "three-down" and the odds do favour, that this was all of the correction.
If so to come, the next target-range is at or around the 19876 levels with more bullish potential ahead, including a new ATH!
But if the movoe from 19296 was just a "countertrend" in a "bearish phase, the next days will bring more selling pressure for N50!
We have to wait for clearer facts and odds at the coming hours.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Tading this analysis is at your own risk!
NIFTY50 has popped to the upside at Friaday`s session and close the week @ 19517! The move from the ATH @ 199981 was a clear "three-down" and the odds do favour, that this was all of the correction.
If so to come, the next target-range is at or around the 19876 levels with more bullish potential ahead, including a new ATH!
But if the movoe from 19296 was just a "countertrend" in a "bearish phase, the next days will bring more selling pressure for N50!
We have to wait for clearer facts and odds at the coming hours.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Tading this analysis is at your own risk!