After a big fall Nifty 50 Index started trending towards north. And today it make a flag pattern on 5 and 15 minutes timeframe. This makes a possibility for it to further trend towards north. So, on next trading day it could possibly touch 16900 and might cross 17000. However if it crosses below 16580-50 then there is a sure shot possibility to short nifty to trail upto 16435.
Nifty possible opening on Monday near 16780.
Nifty possible opening on Monday near 16780.
Comment:
As said our indication for future market turns true. And nifty has almost reached the set target.