NIfty @20000
Nifty is currently experiencing a remarkable surge, entering into a skyrocket mode. It is consistently opening with significant gaps and maintaining its upward momentum, continuously reaching new daily highs. It recently came close to the impressive milestone of 20,000, touching a remarkable 19,991. The movement of Nifty is characterized by a strong and persistent one-directional trend, showcasing its exceptional performance in the market.
Earlier, we discussed that the level of 19800 would serve as a major resistance for the Nifty. However, contrary to expectations, the Nifty broke through this level and moved upwards, reaching 20000. Looking ahead to tomorrow, if the market opens with a gap, there is a possibility that the upward momentum may continue. However, it is important to note that the day could potentially end with a decline, indicated by a red candlestick.
Earlier, we discussed that the level of 19800 would serve as a major resistance for the Nifty. However, contrary to expectations, the Nifty broke through this level and moved upwards, reaching 20000. Looking ahead to tomorrow, if the market opens with a gap, there is a possibility that the upward momentum may continue. However, it is important to note that the day could potentially end with a decline, indicated by a red candlestick.
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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.