aryansharma102000

nifty for next week .my view

NSE:NIFTY   Nifty 50 Endeksi
on weekly chart its forming shooting star .(bearish)
fii have brought 1100 cr cash i.e supportive or not so bearish .
dollar is moving up again ,a concern for indian markets
till now it has respected the trend line that is good .
RSI indicates that it has still not in bear mode as we can see rsi is also above 60
MY VERDICT:


its time to see price action.
if it remains above trend line we may see a sideways market .and it will be healthy in uptrend .

longs should be taken after 17960 crossed with good volumes .
shorts are good choice if it beaks 17600

thank you
comment what is your view . in short



Feragatname

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