NIFTY.....moving up...LONG

7 nov 2019

NIFTY has had a good rally upwards and has fomed two distinct resistance and support zones, Support zone indicated in the yellow zone and price very close to the resistance zone

It will be nice to see price creating a higher high breaching the above resistance zone and then retracing back making a higher low and give the trend the continuation confirmation to roll to higher levels.

Watch out for more announcements expected and see how the chart develops..... I would be long NIFTY 50 as long as the trend is respected and we don't make a lower low

Look out for me next analysis on different time frames for further action, lower time frame for specific resistance and support zones and weekly for larger trends

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