The last week would have had Nifty short position takers gasping for breath on Monday. If those traders were looking at sgxnifty.org on Tuesday, they would have lost all hope. However, things got normal as market opened on Tuesday and then there was trouble for long position takers.
Now the following is my analysis for coming week based on what I am looking at:
This week is quite tight. There is no clear sense of direction which market may take. I think Nifty may consolidate between the red and green lines. If it breaks above or below these lines, it may provide significant upside / downside
either this week or the next week.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18050 and 17550
Downtrend - If breach below 17550; to drop somewhere till 17100
Uptrend - If breach above 18050; to rise somewhere till 18550
Covid XE almost sounds like a new model for iPhone. I wonder how is Nifty going to react if the 4th wave rises
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Now the following is my analysis for coming week based on what I am looking at:
This week is quite tight. There is no clear sense of direction which market may take. I think Nifty may consolidate between the red and green lines. If it breaks above or below these lines, it may provide significant upside / downside
either this week or the next week.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18050 and 17550
Downtrend - If breach below 17550; to drop somewhere till 17100
Uptrend - If breach above 18050; to rise somewhere till 18550
Covid XE almost sounds like a new model for iPhone. I wonder how is Nifty going to react if the 4th wave rises
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
