nifty view 21-10-2020
1-in last analysis it has been predicted that nifty will take support of the shown rsi channel, it took support of same and moved upward , now nifty is facing the resistance of upper body of channel(i.e. 61.43).
after looking today's candle , it seems , nobody is able to take control , neither bear nor bulls. so if tomorrow we see a gap up opening, it is highly possible that bears will start to short . bulls can survive only when they will able to take nifty above 12080 (which will be quite difficult) .
2-tomorrow possibility-
up side 12000 and down side 11800, if 11800 breaks , it will test 11700
3-one can also look 57. 30 rsi as a support and if that breaks 54.41 as next support.
after looking today's candle , it seems , nobody is able to take control , neither bear nor bulls. so if tomorrow we see a gap up opening, it is highly possible that bears will start to short . bulls can survive only when they will able to take nifty above 12080 (which will be quite difficult) .
2-tomorrow possibility-
up side 12000 and down side 11800, if 11800 breaks , it will test 11700
3-one can also look 57. 30 rsi as a support and if that breaks 54.41 as next support.
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