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SEE NIFTY CHART AT THE END OF THIS COLUMN. Reading Glossary is highly recommended for better understanding of this Column. There are moderate chances of Nifty’s short term trend turning up , but it will more important to see if Nifty undergoes intermediate downtrend or not. Lets see what happens , the coin is in [...]
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Market has resumed its Intermediate downtrend. 4850 & 4620 levels are possible on downside for Nifty . Market has given poor weekly closing. Intermediate trend of Nifty will turn UP if it closes above 5210. The red trend line in the chart is important supply zone. [...]
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