Nifty Daily Chart :
Coming week market trend decide by global cues & JAN IIP data which release on Tuesday & Inflation data on Thursday. Japan & USA market in strong bullish trend also Europe debt market government yield decreasing which shows confidence in the recovery of European economy. RBI policy on 19 march this event is also important for market further direction.
Coming week If NIFTY trade in the range of 5900-6050. Tained above 5900 bullish trend continue. Last week of long bullish really next week NIFTY trade in consolidation zone. Major support for 5900 & upside resistance 6020-6050. If NIFTY break trend line and sustained above 6030 level than next bull run start.
Coming week market trend decide by global cues & JAN IIP data which release on Tuesday & Inflation data on Thursday. Japan & USA market in strong bullish trend also Europe debt market government yield decreasing which shows confidence in the recovery of European economy. RBI policy on 19 march this event is also important for market further direction.
Coming week If NIFTY trade in the range of 5900-6050. Tained above 5900 bullish trend continue. Last week of long bullish really next week NIFTY trade in consolidation zone. Major support for 5900 & upside resistance 6020-6050. If NIFTY break trend line and sustained above 6030 level than next bull run start.
Nifty Weekly Chart
SCENARIO # 1 : PROBABILITY (50%)
Nifty has downside support of 5900 & upside rally goes to 6020-6050 level. On weekly
basis trend test & next week close above trend line which shows strong bullish trend.
SCENARIO # 2 : PROBABILITY (50%)
If nifty trade below 5900 level than bearish trend start which led to nifty at 5800 level
SCENARIO # 1 : PROBABILITY (50%)
Nifty has downside support of 5900 & upside rally goes to 6020-6050 level. On weekly
basis trend test & next week close above trend line which shows strong bullish trend.
SCENARIO # 2 : PROBABILITY (50%)
If nifty trade below 5900 level than bearish trend start which led to nifty at 5800 level
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