NIFTY :Had a wonderful run this week and in the process successfully crossed all its critical Moving averages viz 20DEMA,50DEMA ,100 DEMA. Nifty gave a close very nearer to its 200DEMA falling at 23397 and is its immediate weaker reistance. NIFTY also formed Triple bottom pattern in daily chart and it suggests that ,NIFTY holding above 23400 its likely to test 23800-24000.For me any reasonable dip is a buy for 23800+Target,those holding may trail their SL (For educational purpose only)
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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.