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Nifty Outlook: Is This The Last Pivot zone For The Bears?

Free nse nifty chart tips

Free nse nifty chart tips

After creating the low of 17836, we have seen a price surge to 17623Nifty again reached the pivot zone 17621.

If niftysustains above 17621, traders can buy for the following targets 17680-17765-17841+.

Also, a price above 50EMA/strong> indicates the presence of bulls in the current juncture.

Please note that the rejection of the pivot zone indicates that the price is not going above.

Free nse nifty chart tips

Price had broken out of the value area, and I suggested buying nifty after price entered into the parallel channel.
Price has made excess and entered the equilibrium area, where supply equals demand.

Currently, the price is on the control line. It controls the up and down movements inside it.
Nearly every up or down move in the value area stops at this control price line. It is pivotal support and resistance level inside the value area.

It is called pivotal because of how price oscillates around it.
If the price sustains above the control line, we have a butl bulllish scenario for, 17800+ as I mentioned above. But rejection of the control line will drive the price to 17226.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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4 Comments

  1. Sirji ajka ye chart bahut hi dhamal ka tha.
    market gap up hua and BTST me accha benefit hua.
    Apke targets bhi aagaye.

  2. Please share daily reports on nifty and bank nifty.
    I always wait for your chart analysis and count.
    please consider my request…..

  3. Awesome!!!!!!
    Your creative and innovative thinking has put you in a class all your own. No one else can compare.

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