Nifty trend update
Nifty index appears to be stalling at 8420-8330 levels. Last two weeks moves have been in 1.5% band.
Looking at RMA and bands Nifty appears slightly in over bot zone.
Trend view
4 HR trend: Bullish
Trading wise there is no signal for profit booking or short side trade.
Levels to watch: 8440 and 8320.
Break of these levels will set direction.
Next week 17th-18th Nov can be possible trend changing dates.
Nifty index appears to be stalling at 8420-8330 levels. Last two weeks moves have been in 1.5% band.
Looking at RMA and bands Nifty appears slightly in over bot zone.
Trend view
4 HR trend: Bullish
Trading wise there is no signal for profit booking or short side trade.
Levels to watch: 8440 and 8320.
Break of these levels will set direction.
Next week 17th-18th Nov can be possible trend changing dates.
