Nifty - weekly outlook

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Nifty gave closing above 50DMA and gave short-term trend breakout

Sustaining above 16300 will lead to further rally in nifty towards 16650 and 16790

In-between supply zone 16445, 16580

Possible to test 16150, 16025 level once, which could be seen as buying opportunity

Broad based Weekly range 15800-16800

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أغلقت الصفقة: تم الوصول للهدف

Hope everyone enjoyed the rally, nifty @ supply zone 16580
Exactly made high of 16588 and reversing from there, We can expect some profit booking and gap filling on the downside..

Have a look at updated idea here, link provided in the comment section