Nifty - Seems to be rebounding from the range low

12 thg 7, 2021

Just a short update!

On the hourly time frame, Nifty has managed to save the levels by closing inside the range. A series of hammers have formed on the bottom of the range, indicating that the selling pressure is being absorbed by buying pressure.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

19 thg 7, 2021

Ghi chú

So, the unfilled gap was filled today leaving big lower shadows. Nifty and Bank Nifty, both failed to recover from the fall today. The selling pressure was pretty high today.

Nifty needs to defend the range lows to remain bullish. Also, now, there is gap between 15836-15900 that will be filled if Nifty shows some upside momentum.