Nifty Weekly Article.

Today i am going to share my view on Nifty where we have witness a sharp recovery in Nifty 50 on 29th Nov 2018 which break the consolidation channel.

In Daily Chart which attach below Nifty 50 has formed a Bullish Price Pattern with increased in volume called Inverted Head & Shoulder which might take nifty to 11500 but saying that it has very crucial support of 10700 Both are spot levels.

  

But saying that, In Weekly Chart of Nifty the Candle Stick Pattern Called Bullish Percing with Increase Volume which can be seen on below chart. It Shows that in upcoming days Nifty Might see some move till 11170 but the main crucial support which is coming at 10650 will be very important for next week.

Nifty may witness some filght turbulance in next week as in Month because of Global and Micro Economic data will be publish such events like G20 Minutes, US Trade War, State Election Result, RBI Policy and Much More.

So before taking any view  / position on index do consult with your Financial Adviser as it nice Proverb:- "Penny Save is Penny Earned."

*Disclosure:-

This presentation / newsletter / report is strictly for information and illustrative purposes only and should not be considered to be an offer, or solicitation of an offer, to buy or sell any securities or to enter into any Portfolio Management agreements. This presentation / newsletter/ report is prepared by Chirag R Sanghvi. Any dissemination, copying or circulation of this communication in any form is strictly prohibited. Neither me nor any of their respective affiliates or representatives make any express or implied representation or warranty as to the adequacy or accuracy of the statistical data or factual statement concerning India or its economy or make any representation as to the accuracy, completeness, reasonableness or sufficiency of any of the information contained in the presentation / newsletter / report herein, or in the case of projections, as to their attainability or the accuracy or completeness of the assumptions from which they are derived, and it is expected each prospective investor will pursue its own independent due diligence. In preparing this presentation / newsletter / report, Chirag R Sanghvi is not liable for any loss or damage (direct or indirect) suffered as a result of relay upon any statements contained in, or any omission from this presentation/ newsletter / report and any such liability is expressly disclaimed.