NIFTY Weekly Update - 2

٢٢ يوليو ٢٠١٨

Two squares and a circle is drawn in the chart. It can be seen from the 2 squares nifty waited for the stochastic to enter above 80 to give long candles and decisive up move. Now in the circle marked area the stochastic cross over happened and it is above 80 and started giving the long green candles and once the stochastic red signal turns upwards we can see a number of gap ups. The immediate resistance this week seen at 11115 and 11175. Nifty is just waiting and playing in between 150 points due to the build up in OI which will start diluting and vanishing by this Thursday.