Nifty July Article.
Greetings friends ! I thank you once again for being a regular reader of my views and showing great interest on my article. This encourages me to keep writing the articles for you reference. Today in this article, I am going to share some important views on Nifty (daily) chart on the basis of Technical Analysis. 1.Nifty Daily Chart. As we have witness a sharp fall in Nifty on Friday of -1.53% or 177.65 Points down (cash level) it has formed a Bearish price pattern called Sideway Breakdown (Chart-1) with volume which is more than 30% of the Previous day. We might witness a downfall till 11200-11150 in short term, also we can expect on the upper side if it close above 11600 on end of day basis, then this price pattern will be ruled out and we will take review at that time. After touching it’s all time high of 12103.5 on 03-06-2019 it was observed that nifty started making the lower top lower bottom formation in short term and thus picture was pretty much clear that it w...
