Nifty - Break form 10K or 9.6K to decide future market direction
Updated
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NIFTY
Nifty will act range bound between 10K and 9.6K until either of the regions break. A break and hold above 10K region would send Nifty to higher regions whereas a break and hold below 9.6k would be bearish.
The 10K region has been tested on 3 out of previous 4 sessions and would have a higher probability of breaking if re-tested again.
Nifty has stayed fairly sideways for the past few days and so we can expect to see a big move sometime soon now.
DJI / DOW Jones / SPX seems to be doing good from the past few days and that is helping Nifty stay afloat.
These global markets would help decide Nifty's future moves so keep a pulse of them.
Daily RSI
NSE:NIFTY - 56 ( Neutral Zone)
There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process. ― Yvan Byeajee
Before you start reading kindly hit that like button. It motivates me to keep doing such work for free.
Thanks
NIFTYNifty will act range bound between 10K and 9.6K until either of the regions break. A break and hold above 10K region would send Nifty to higher regions whereas a break and hold below 9.6k would be bearish.
The 10K region has been tested on 3 out of previous 4 sessions and would have a higher probability of breaking if re-tested again.
Nifty has stayed fairly sideways for the past few days and so we can expect to see a big move sometime soon now.
DJI / DOW Jones / SPX seems to be doing good from the past few days and that is helping Nifty stay afloat.
These global markets would help decide Nifty's future moves so keep a pulse of them.
Daily RSI
NSE:NIFTY - 56 ( Neutral Zone)
There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process. ― Yvan Byeajee
Note
Nifty broke 10K. Trend should turn bullish now!
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