Nifty 50 index In the Last Trading session month of March, opened negative by taking cues from weakness of Global market and after its consolidation it fell down towards 10100 zones. It formed a Bearish candle on the daily scale followed by a Doji which indicates that selling pressure is being witnessed at higher levels.
Now after long Holiday if it sustains Only below 10100 zones Bears will continue to Attack on Bulls then it may start the fresh decline which could push it towards 10050 then 9950 zones but On weekly scale, index formed an inside bar or a Harami Candle which indicates that bulls are not ready to get out even after its major down trend. So fight could be tight on this level, on the upside hurdles are seen at 10158 and 10203 marks.
The Month of April Full of Action Coming soon…will Bulls gain with Financial Results of last Quarters? Or Bears would drag Bulls to NEW Lower Level of Previous Month?
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Thank you, God Bless You
Sachin
Now after long Holiday if it sustains Only below 10100 zones Bears will continue to Attack on Bulls then it may start the fresh decline which could push it towards 10050 then 9950 zones but On weekly scale, index formed an inside bar or a Harami Candle which indicates that bulls are not ready to get out even after its major down trend. So fight could be tight on this level, on the upside hurdles are seen at 10158 and 10203 marks.
The Month of April Full of Action Coming soon…will Bulls gain with Financial Results of last Quarters? Or Bears would drag Bulls to NEW Lower Level of Previous Month?
Please Like, Share, Comment your Views
Thank you, God Bless You
Sachin
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