Nifty 50 directional analysis
Updated
After a big fall Nifty 50 Index started trending towards north. And today it make a flag pattern on 5 and 15 minutes timeframe. This makes a possibility for it to further trend towards north. So, on next trading day it could possibly touch 16900 and might cross 17000. However if it crosses below 16580-50 then there is a sure shot possibility to short nifty to trail upto 16435.
Nifty possible opening on Monday near 16780.
Nifty possible opening on Monday near 16780.
Note
As said our indication for future market turns true. And nifty has almost reached the set target.
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