 "Photo: Shutterstock")
Nifty outlook & trading ideas by Sacchitanand Uttekar, AVP - Research & Data Analysis at Tradebulls
Nifty Outlook:
Nifty witnessed a steady decline since the Hanging man formation on 5th April 2017. The occurrence of a ‘Doji’ at the retracement support zone augurs well for the termination of the ongoing decline.
With the expectation of the broader market trend remaining intact a sustained close above the ‘Doji’ formation would confirm the reversal. In case if the correction continues we expect 9,050-9,000 to act as a strong support zone in the coming week. With the expiry week just
Nifty Outlook:
Nifty witnessed a steady decline since the Hanging man formation on 5th April 2017. The occurrence of a ‘Doji’ at the retracement support zone augurs well for the termination of the ongoing decline.
With the expectation of the broader market trend remaining intact a sustained close above the ‘Doji’ formation would confirm the reversal. In case if the correction continues we expect 9,050-9,000 to act as a strong support zone in the coming week. With the expiry week just
