#Nifty directions and levels for April 8th.
Good morning, friends! Here are the directions for April 8th:
The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a still moderately bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +40 point.
Nifty has a consolidation structure, so if the market breaks the consolidation (all-time high), then the rally will continue further. We can expect a minimum of 22660 to 22694; it is a major resistance level. If the market reaches with minor pullbacks, then we can expect reversal there. On the other hand, if it reaches with a solid structure, then it may take minor consolidation for further rally continuation.
Alternatively, if the gap-up doesn't sustain or if it rejects sharply again at the all-time high, then the range market might continue.
The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a still moderately bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +40 point.
Nifty has a consolidation structure, so if the market breaks the consolidation (all-time high), then the rally will continue further. We can expect a minimum of 22660 to 22694; it is a major resistance level. If the market reaches with minor pullbacks, then we can expect reversal there. On the other hand, if it reaches with a solid structure, then it may take minor consolidation for further rally continuation.
Alternatively, if the gap-up doesn't sustain or if it rejects sharply again at the all-time high, then the range market might continue.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.