Nifty was out of the downtrend channel, but it hasn’t confirmed the bull run by breaking the nearest lower high. There was an important pivot point of 17646.
I have mentioned the following targets (Click here to read that nifty report):
“If nifty gives a continuous break to the upper band of the value area, traders can initiate a buy position for the target of .”
“Strong closes above 17621 indicate a good time for bull traders.
Swing failure may drive the price lower. Bear traders can look for .”
Nifty made a gap-up morning and hit all upside targets of .
After reaching the last upside target of 17618, the price couldn’t give a strong close above it and fall for the downside target.
The pivot point has supplied to exceed the demand, and our downside targets have been reached by nifty.
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