TechieindusTrader

NIFTYINTRADAY 5012022

Long
NSE:NIFTY   Nifty 50 Index
1. Very Steep Trendline ins not healthy for bigger Up Move
2. SGX at 17854 , Tomoorw it will opn gap up around 30 points and will move down due to some profit booking . Last time 17800 was major support
3. lot of Put writing doen at 17500 , 17400 and 17000 levels ,
4. probability of moving up is more , but will retrace till 17650 levels and will bounce back to 17800 and will move up
5, Reliance and HDFC twinsa re consolidating, TCS is at good Lelves Double top formation , Infy concolidating ,
6. Out of Big 5 , trend is Moving Up , helped by reliance . Upward movement in These will take NIFTY Upward which seems is the case now .

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