AMGO_Markets

Nifty views as week ended

NSE:NIFTY   Nifty 50指數
Nifty, as it gave a long target towards quarterly resistance levels, retraced back at quarterly support levels quite sharply and ferociously nearly in just last 2 trading sessions.

As of now nifty happens to be range bound between 2 quarterly zones. For further bearish confirmation we need to get a bearish breakout of support and follow up also.

Till then, let's assume nifty is still sideway between 2 zones as shown in the chart drawing.

Prediction is not the way... confirmation is rather....

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