nifty looks very much in the uptrend , but as you can see nifty is in the top of the channel in the over bought zone, I think it might open in the gap up zone on tuesday 7th july 2020 but how far it will sustain is point ,
there are few thing to note in yesterdays trend ,
1. Nifty could not sustain above 10800, there is a high possibility if the nifty opens gap up in 10, 800 we might see profit taking
2. if there is a fall in nifty as long as it is above 10350-10400 levels it is in the uptrend .
3. I am excepting a fall in nifty from 10800 levels to 10600 levels , if the nifty sustains above 10800 on closing basis then we can except a 11000 levels on this .
thanks
Srinivasa chary
there are few thing to note in yesterdays trend ,
1. Nifty could not sustain above 10800, there is a high possibility if the nifty opens gap up in 10, 800 we might see profit taking
2. if there is a fall in nifty as long as it is above 10350-10400 levels it is in the uptrend .
3. I am excepting a fall in nifty from 10800 levels to 10600 levels , if the nifty sustains above 10800 on closing basis then we can except a 11000 levels on this .
thanks
Srinivasa chary