NIFTY

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

CNX NIFTY ( 5,783.10) + 94.40  +1.66 %

Nifty has made a higher top on the daily.Let us see if it can make a higher bottom.But on the weeklies, after making a lower bottom, it is moving to test the previous top of 5971.If it does not break 5971 , then Nifty is bearish.The previous top on weekly can be 6112 also since the duration of 5971 top is of 1 week only.Right now wait for markets to give topping signals on daily.

NIFTY DAILY

NSEINDDA

NIFTY WEEKLY

NSEIND

NEXT POST WILL BE ON APRIL 29

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