NIFTY likely to touch 200 dma.
Atualizado
Last night I had posted about nifty
and likely hood of its range expansion.
1st hourly candle was red obviously in the current scenario
when there is gap up people do book their profit.
After 2 nd red candle (hourly)which was doji and small
I was sure of trend reversal at that 17250 ce was trading at 10-11.
But I was sure of break out nifty rallied from 17120 to 17322.
17250 ce reached to the target of 70 from 11.
Of course due to expiry and last hour red candle it fell .
I think nifty is likely to touch 200 dma which is shown in the chart.
Don't forget to like my post.
follow me to get updates.
Of course reliance and hul helped nifty today.
and likely hood of its range expansion.
1st hourly candle was red obviously in the current scenario
when there is gap up people do book their profit.
After 2 nd red candle (hourly)which was doji and small
I was sure of trend reversal at that 17250 ce was trading at 10-11.
But I was sure of break out nifty rallied from 17120 to 17322.
17250 ce reached to the target of 70 from 11.
Of course due to expiry and last hour red candle it fell .
I think nifty is likely to touch 200 dma which is shown in the chart.
Don't forget to like my post.
follow me to get updates.
Of course reliance and hul helped nifty today.
Nota
Nota
Please see how reliance helped nifty by touching target 4Nota
that is not 200 dma nifty going to touch. chart is in hourly time frame.Hence should be 200 period moving average in hourly time frame.
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