Nifty UP & UP

31 Eki 2022

if you Cleary look at the chart nifty is trading above all the previous resistances and they double bottom formation breakout has just occurred on oct 14 and we have seen good rally after that and once the resistance of 18070 is taken out we might see nifty try to hit the all time high and if we see a downfall the best support can come to the breakout level of 17454 and if that is further broken the levels might be 16870 to 16950 but the fall is a no no because the RSI, MACD, and Bollinger bands are showing great strength in the short term.