NIFTY 50 - Bullish View for the next 4 weeks
As of closing on 21 August, the current support for NIFTY 50 is around the 11360 zone.
Below 11360, supports are at:
11310 - Gap Fill Support
11243 - Trendline Support (moves higher as time progresses)
If NIFTY 50 manages to hold 11243, and cross 11468, further upside till 11783 is possible in the coming days.
Closing above 11783 can open up the possibility of much higher levels in the next 4 weeks. Much higher...
(Bullish view will fail below 11243).
Below 11360, supports are at:
11310 - Gap Fill Support
11243 - Trendline Support (moves higher as time progresses)
If NIFTY 50 manages to hold 11243, and cross 11468, further upside till 11783 is possible in the coming days.
Closing above 11783 can open up the possibility of much higher levels in the next 4 weeks. Much higher...
(Bullish view will fail below 11243).
Comment:
11783 target has been achieved. Now need 2 consecutive closings above 11783 for melt-up phase to begin. Much higher targets await, much higher...