Weekly markets ended positive and the same to continue in this week also. Nifty weekly showing Bullish Engulfing big gains, which has made a higher high and higher low in its previous swing movement. Holding above the weekly low 15450 ( Swing low) is the key. Expect the Index to surpass 15901 further towards 19620. On Daily, 15673 should protect. Further on the upside 16118 should be the ideal target within this week. That is wave iii of V of…
Going forward, Nifty is still in bull grip. One to two days may be volatile like the previous 2-3 trading sessions, but unless the broken swing low at 15050 weekly, the index looks still in buy mode. BankNifty is almost near its bottom as 20DMA is still holding at 34000. Seeing the structure, the index should head higher. Probably the only Index that can make higher going forward. Share on: WhatsApp
Markets are in a completely bull grip as seen in the previous two weeks. Every correction is bought into. The momentum is slow, but it is still up. We still have much room on the higher side especially in the Nifty. We see one or the other sector is pushing the index higher. The week ending Nifty was pushed higher by IT, PHARMA, and METALS. We see a lot of new sectors participating like PSU and Power. Going by the…