nifty view 21-10-2020
1-in last analysis it has been predicted that nifty will take support of the shown rsi channel, it took support of same and moved upward , now nifty is facing the resistance of upper body of channel(i.e. 61.43).
after looking today's candle , it seems , nobody is able to take control , neither bear nor bulls. so if tomorrow we see a gap up opening, it is highly possible that bears will start to short . bulls can survive only when they will able to take nifty above 12080 (which will be quite difficult) .
2-tomorrow possibility-
up side 12000 and down side 11800, if 11800 breaks , it will test 11700
3-one can also look 57. 30 rsi as a support and if that breaks 54.41 as next support.
after looking today's candle , it seems , nobody is able to take control , neither bear nor bulls. so if tomorrow we see a gap up opening, it is highly possible that bears will start to short . bulls can survive only when they will able to take nifty above 12080 (which will be quite difficult) .
2-tomorrow possibility-
up side 12000 and down side 11800, if 11800 breaks , it will test 11700
3-one can also look 57. 30 rsi as a support and if that breaks 54.41 as next support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.