As you can see in the chart NIFTY is approaching a major level of support and also a trend line. Along with that we see that the Stochastic Oscillator is under bought is is about to cross over. All of these factors confirm that NIFTY is going to shoot up after it hits this major level of structure. Hence I'm bullish on NIFTY
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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.