The index has been on rise for the past few days and the bulls are charging with full force.
It has given a strong closing today near the much awaited 10,000 mark even with all the negative news hovering around us.
In the daily chart,there are gaps which have not yet been filled, and a possibility of movement towards 10100-10150 is possible once 10030/40 is broken.
Another possibility is a reversal from 10k levels towards 9880 and an even further correction towards 9750 levels.
Here is the Weekly Chart :
And,here is the Fibo Retracement :
This analysis is for learning purposes and if anyone has something to add on or if you spot a mistake,do write it in the comments. All kind of suggestions are welcome!
This is just my viewpoint and please do not take trades based on this. I do not mention specific targets or stop losses as I don't trade FnO segment.
It has given a strong closing today near the much awaited 10,000 mark even with all the negative news hovering around us.
In the daily chart,there are gaps which have not yet been filled, and a possibility of movement towards 10100-10150 is possible once 10030/40 is broken.
Another possibility is a reversal from 10k levels towards 9880 and an even further correction towards 9750 levels.
Here is the Weekly Chart :
And,here is the Fibo Retracement :
This analysis is for learning purposes and if anyone has something to add on or if you spot a mistake,do write it in the comments. All kind of suggestions are welcome!
This is just my viewpoint and please do not take trades based on this. I do not mention specific targets or stop losses as I don't trade FnO segment.
Nota
Still holding the level of 10169. A reversal is possible if it isn't broken.Booking profits in most of short term trades as I expect a downfall. Still holding 30% position in case market goes higher,
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.