Nifty Weekly View
1.Nifty weekly View for 27th May 2019.
Just for an Update before you read the article I want to tell you
that in all my Nifty Article whichever the level I have mentioned has been achieved
on said period. You can also catch such level by attending our Technical Analysis
workshop. Details are mentioned below.
After a gap up open in previous week where we open at 11651.90 with
low of 11591.70 where we also witness afresh all time high of 12041.15 but failed
to sustain above that level which could have triggered the next lag of rally in
Nifty. On Weekly Chart it has formed a Hammer at top kind of pattern in uptrend
which is a sign of bearish signal.
For the next week important
level of 12050-12100 which was a crucial
level but if it break and sustain above that than we might witness a move up.
But saying that down side if we get close below 11650 which is almost 200
points far from the current weekly close price than we may witness a fresh down
move till 11500-11450-11400 in short term.
If we get monthly close below 11200 than Nifty might see the level
of 11000-10700 in short term which will good sign as it will make the base for
the next leg of rally.
As per the last week close in Nifty has formed the Hammer
at top with an increase in volume
compared to the previous day as seen in chart-1 below.
Registration open for May Technical Analysis
workshop.
Technical Analysis workshop on Unique Theory of
Stock Market.
Registration open for May Batch in #Ahmedabad
FEW seats left.
For more details contact 9725154547.
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Registration open for May Batch in #Ahmedabad
FEW seats left.
For more details contact 9725154547.
Don’t miss the opportunity.
Save your hard earn #money by #investing wisely.
Registration
for June Batch Workshop for Mumbai and Delhi
is open do enroll your name to get register as It’s a limited seat workshop.
Feel
free to ask about regarding this article if you any have queries.
Kindly Note:- This is my Personal View
not a recommendation of Buying or Selling so if any action taken directly or
indirectly based on this article than author will not be liable for any losses.
So before taking any action kindly take advice from your Financial Advisor
Author:-
AFP
Chirag R Sanghvi (Certified Research Analyst).
M:9725154547
*Disclosure:-
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