levels of the nifty with further studies and projections
Aggiornato
this chart by way of rectangles and boxes is quite self-explanatory and while one can always look to track what and more importantly when these actions happen I dare say shall be quite evident from the plots.
the only point though that needs to be kept in mind is that the volatility index or the vix needs to be tracked as we track the prices of stocks and the index.
levels of mention right now are 10964 on the upside as the first reference post which 11011 is the wall of worry that nifty needs to climb on which I have my educated doubts. Still quite a few sessions to go before we can say that the top of the nifty at 11700 is going to remain till some time in 2021 unless crazy and momentum is redefined by way of policy and global cheer with the distribution post recognition of the vaccine for the coronavirus.
downsides which logically is the path of least resistance now shall look forward to levels of 10666-636 and 10555-551 levels break of this which would open up 10232 -10333
time of log 20:40hrs
date 24/9/2020
the only point though that needs to be kept in mind is that the volatility index or the vix needs to be tracked as we track the prices of stocks and the index.
levels of mention right now are 10964 on the upside as the first reference post which 11011 is the wall of worry that nifty needs to climb on which I have my educated doubts. Still quite a few sessions to go before we can say that the top of the nifty at 11700 is going to remain till some time in 2021 unless crazy and momentum is redefined by way of policy and global cheer with the distribution post recognition of the vaccine for the coronavirus.
downsides which logically is the path of least resistance now shall look forward to levels of 10666-636 and 10555-551 levels break of this which would open up 10232 -10333
time of log 20:40hrs
date 24/9/2020
Nota
levels on the dwon side 11188 11161 11048 upside though is a lot of patterns like inv head and shoulders forming etc etc time of log : 08:44 am 30/9
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