NIFTY TREND NEXT WEEK --HOURLY CHART - 04/04/2022 TO 08/04/2022
1. on hourly chart we can see journey of nifty where nifty bottom out around 15750 level till now 17670
2. Nifty made bottom formation at 15750-15800 level where RSI extremely oversold level as we seen . from then nifty bought consistently went to 17000 level . at 17000 level nifty made double bottom formation .
3. nifty break reistance 17400-17500 level last trading session and close above it very strongly to 17670 where bank nifty also breakout at bullish level
4. next week view is bank nifty will outperform and support index to go further up move to 17800-18200 , mid-cap also outperform and that trend continue upside
5. RSI level also seen bullish .
6. some correction if any we can seen around 17500-17350 form a good support where nifty agian bounce back
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!