On anticipation of bigger and better budget; also easing global tension we can expect Nifty to rally till the budget announcement. Next major impact would be the earning of Q3 which seems to be muted for majority Nifty 50 stocks.
Looks like it will test the demand around 11800. Bears at play
My Intraday Idea for One of the most weightage stock from Nifty 50 Index. HDFC is Trading in a channel since a week.
Nifty has started its up move and could possibly move up to the 50% retracement level before falling.
The Nifty 50 Price Index has already formed the Left Shoulder and the Head completely. Now to confirm this patter just wait for the price to form and complete the Right Shoulder as well. If this pattern fully completes, then there will be a huge sell off in the market and the 9000 price mark might be tested thereafter. The price did also break the Trendline and...
After a month of intense run breaking all the fib went to the reversal zone falling after testing 1.61% extension of 2016-2017 move, per my count it looks like the Wave 4 correction it is perfectly normal to fall about the range of 10,300-10500 but selling below 10,200 might consider changing the count. I still believe ther's one more move towards the dead zone...
Is Nifty forming an H&S pattern? Tomorrow's trading session is crucial