Hi Friends It looks like that Nifty is Correcting after a breakout just before Budget because it just taking a support of 11780
A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again.
After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again.
After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
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Nifty Successfully Closed above 11854 and heading upwards positively
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Nifty is respecting Trend Line by taking its support.
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A Small Hurdle at 11970
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Exactly Nifty Faced Resistance at 11970 today.