NIFTY Daily Analysis 29thJun2022 -NIFTY Futures showing strength
Hi Traders/Investors,
Today
NIFTY1!
gave a perfect closing on the Upward trendline in GREEN in chart.
Depends on how US markets respond today, they're pretty indecisive as they and the whole world is waiting for US GDP data which would come tonight. Depending on it, if US Markets responds in a positive mood, then we would rally as well.
NIFTY would most likely take Support from this Trendline, if it does then it might quickly go UPWARDS to touch Sell Zone of 15900 - 15940.
NIFTY on DOWNSIDE, if it breaks the trendline in morning or open Gap Down, can quickly touch Buy Zone of 15635-15520 levels.
Regards,
Anshul
Today
NIFTY1!
gave a perfect closing on the Upward trendline in GREEN in chart. Depends on how US markets respond today, they're pretty indecisive as they and the whole world is waiting for US GDP data which would come tonight. Depending on it, if US Markets responds in a positive mood, then we would rally as well.
NIFTY would most likely take Support from this Trendline, if it does then it might quickly go UPWARDS to touch Sell Zone of 15900 - 15940.
NIFTY on DOWNSIDE, if it breaks the trendline in morning or open Gap Down, can quickly touch Buy Zone of 15635-15520 levels.
Regards,
Anshul