Wednesday, October 14, 2015

Nifty View

Nifty is consolidating in very narrow range and trending move is just round the corner. We will soon see 100+ pointer move in either Thursday or friday :


Nifty trading in trendline and is currently stuck between upper trendline and 8090 level , the previous high. If broken 8090 then Nifty might head towards lower line otherwise we will again retrace till 8240-50 range now.

Mild Divergence also existing which is suggesting we might fall from this level. Let's see.


Note: The above chart is shared only for learning purpose and it's not some buy/sell tip.

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