Nifty 50 IndexShort
NIFTY 50 - weekly Levels
Last week candle was a big bullish candle which opened near its low and closed near its high however the said candle looses its importance because its formed at multiple price resistance [ previous support turned resistance, falling gap resistance and fib resistance].
Thursday closing came at 9859 and seeing the weakness in the US markets we are expecting a huge gap down [ 400 - 600 points ] opening in our markets.
Support levels for coming week 9250, below which selling will accelerate and index may test 8550 and 7500 levels again.
Thursday closing came at 9859 and seeing the weakness in the US markets we are expecting a huge gap down [ 400 - 600 points ] opening in our markets.
Support levels for coming week 9250, below which selling will accelerate and index may test 8550 and 7500 levels again.
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