NIFTYJRNIFTYJR is currently on track to retest the support area, signaling a potential upward momentum. Consider the following key levels for strategic insights.
NIFTYJR trade ideas
NIFTYNEXT50: Next in Line!When there is a count and counting, when there is a wave! it is going to be across. I am not referring to the elections or the outcome. That can take rest some where else. In the ultimate analysis it is a spec without specifics.
This one is interesting, NIFTY Hit the bear's grip, what next if anyone asks, simple answer is NIFTYNEXT50.
Logical conclusion or irrational inference, only markets would unfold. What we see is what one should infer.
When the weight of evidence suggests, one can do is to wait to buy, or sell and buy or just simple do nothings. Choose your play and plot is always the mantra.
Minor trendline broken, this one is not a weekly frame. The large bear candle and the subsequent candle with large upper wicks are potent to the path of south.
One move towards low 62000 looks the way for now, we are currently around 63400.
NIFTYJR ( NIFTY NEXT 50 )Watch out Near the Resistance
if Nifty-50 Support ( Nifty Next 50 ) also Move it Helps Break The Resistance and Make a New High Every Time Move Sideways, once Break the Sideways Resistance Moves 30% to 50% on the Upside this time we can expect this move but we need Break the Resistance
NIFTY NEXT 50 READY TO BLASTHere is the chart of NIFTY NEXT 50.
The chart looks amazing and is ready for a good upmove.
What one should do?
One should track the stocks of Nifty Next 50 and can make entry in those stocks.
Nifty Next 50 vs Nifty 50 breakout Nifty Next 50 vs Nifty 50 breakout indicates outperformance of midcaps is likely to intensify
NIFTY next 50, in a congestion zoneNifty Next 50, like the Nifty 50, was in a secular uptrend and was confirming the new highs made by Nifty till about the end of 2017 and peaked out on 15th Jan 2018 with 32024 levels on the weekly charts.
The struggle continued all through the year with the bulls failing to claim supremacy. The Nifty Next 50 also since has not been able to make higher highs like the benchmark index Nifty 50 had been claiming during the corresponding timeline
Since 1st OCT 2019, NEXT 50 has entered a rectangle pattern and seems to have created a strong support at 24999 levels with 3 occasions to close below this level by the bears but the bulls gaining back control. Similarly, bulls trying to push higher out of the channel 28,706 levels being challenged, price currently being tested.
Interesting to see smaller time frames how price moves and you expect break out in one side or the other
Watch out for this space for more.
CHEERS
