On Friday Oct 26, 2018 the Nifty opened at 10122, made high of 10128 and low of 10004 and closed at 10030
Now what can happen on Monday?
On Monday Oct 29,2018
Nifty can move down upto 9980-9950 level. Mostly it should bounce back from 9980-10000 level.
On upper side it can move upto 10180-10200 level.
Nifty can remain range bound in the 10040 to 10140 zone for quite some time
Big players may create selling pressure to take Nifty down further to 9900 level but technically above levels are correct.
All levels are approximate
This analysis is based on technical charts and data hence any manipulation or news can override this.
I will be updating this post tomorrow again as I will be receiving more data, so do visit this post again tomorrow night.
Please have a look at following Nifty 50 chart
Now what can happen on Monday?
On Monday Oct 29,2018
Nifty can move down upto 9980-9950 level. Mostly it should bounce back from 9980-10000 level.
On upper side it can move upto 10180-10200 level.
Nifty can remain range bound in the 10040 to 10140 zone for quite some time
Big players may create selling pressure to take Nifty down further to 9900 level but technically above levels are correct.
All levels are approximate
This analysis is based on technical charts and data hence any manipulation or news can override this.
I will be updating this post tomorrow again as I will be receiving more data, so do visit this post again tomorrow night.
Please have a look at following Nifty 50 chart
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Brent crude is $77.77
USD Rupee is Rs.73.12
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