NIFTY TESTS 8300 Levels Again
A Double Top got formed this week.
1. PCR is @ 1.37 - Meaning Nifty is OverBought and it could fall any moment
2. Current Level is at a Strong Weekly Supply Level and should ideally fall any moment
3. Anymore move upwards could be a BULL Trap - 8350 looks like the Max that NIFTY could go to.
4. 8000 looks like a target to look for and then lower
1. PCR is @ 1.37 - Meaning Nifty is OverBought and it could fall any moment
2. Current Level is at a Strong Weekly Supply Level and should ideally fall any moment
3. Anymore move upwards could be a BULL Trap - 8350 looks like the Max that NIFTY could go to.
4. 8000 looks like a target to look for and then lower
Trade closed: target reached
300 points tgt reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.