Earlier Nifty spot get supported at 5178 level ..at that time we marked fib like this at weekly chart ...5178. 5425 are crucial according to it..and 5425 will resist further up move...Nifty is settled at 5360...next week Nifty range is coming as 5200>><<5425 ..assuming that 5425 won't permit bulls to move further up...
If bulls will able to clear 5425 then they will take it to 5619...
just trade accordingly ..
yesterday OI addition for Nifty was more than 10 lac .
Volume was higher comparatively ..
and interpretation is ...
If bulls will able to clear 5425 then they will take it to 5619...
just trade accordingly ..
Daily Nifty chart is showing a perfect spinning top in highly overbought zone ...only 1 negative closing will turn the direction of move ...
Daily nifty chart is showing spindle tops and huge gap lying there 5214 to 5330...will market try to fill it soon ?
Daily nifty chart is showing spindle tops and huge gap lying there 5214 to 5330...will market try to fill it soon ?
yesterday OI addition for Nifty was more than 10 lac .
Volume was higher comparatively ..
and interpretation is ...
Posted by kailash chaturvedi... ( dhanvarsha )
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