The_Chartistt

NIFTY 50 CLOSE TO ITS RESISTANCE

NSE:NIFTY   Nifty 50 Index
TODAY'S CANDLE IS A SHORT DAY BEARISH CANDLE. ALTHOUGH TODAY'S CANDLE IS BEARISH BUT STILL NIFTY IS IN UPTREND FORMING HIGHER HIGH AND HIGHER LOW WHICH SUGGEST THE UPTREND IS INTACT IN NIFTY WHICH CAN TAKE IT TO NEXT RESISTANCE OF 11550 -11600.

TODAY'S NIFTY WAS UNABLE TO MAINTAIN THE PSYCHOLOGICAL RESISTANCE OF 11500 AFTER GIVING GAP UP OPENING.

ONLY FOR LEARNING

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