Nifty50 what to expect btst / intraday
last two day market showed good bullish momentum and formed a triangle structure now we can see it has given a breakout also there is RSI divergence on 15mins
a triangle breakout and a consolidation is a good formation for next move
based on the length of triangle we can see the 16740-50 levels
a triangle breakout and a consolidation is a good formation for next move
based on the length of triangle we can see the 16740-50 levels
Nota
analysis failed ... bank nifty and bank stocks drags both index down... major index movers hdfc ril tcs infy icici bajajfin kotak has big volume from seller is it a sign of bad gdp result if so we can see gap filling at 16350
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