Nifty getting channel&trendline support +ve bias with caution
NIFTY respecting white trend line along with trading within upward green channel
17500-17400 support on downside and on upside immediate hurdle previous swing high at 17789 --795
till it is getting channel support and trend line support bias is positive with caution (as last leg of wave d (e)
this impulse move should not slow down.. and bulls need to be active.. as they r near to critical trend line..
little slow down will give opportunity to bears to move below trend-line and channel..
interesting week ahead technically
points to note:
- nifty is in last leg of up for wave d (e) ... till now high made near 17703
- FII were buyer in last week..
- one should not ignore the fact that lot of adjustment goes on at
month start (April) and month end/quarter - end / year end... march all in one..
17500-17400 support on downside and on upside immediate hurdle previous swing high at 17789 --795
till it is getting channel support and trend line support bias is positive with caution (as last leg of wave d (e)
this impulse move should not slow down.. and bulls need to be active.. as they r near to critical trend line..
little slow down will give opportunity to bears to move below trend-line and channel..
interesting week ahead technically
points to note:
- nifty is in last leg of up for wave d (e) ... till now high made near 17703
- FII were buyer in last week..
- one should not ignore the fact that lot of adjustment goes on at
month start (April) and month end/quarter - end / year end... march all in one..