finnova_

Will bull be able to hold NIFTY today?

Long
NSE:NIFTY   Nifty 50 Index
NIFTY yesterday was total bearish but in 2nd half Bulls came and took charge and all market reversed back in bullishness.
as PCR = 0.85 (Bullish) and also market is back into pattern. so its assumed that bulls will be taking control of today's moment.

Reason:
  1. Chart is back in the pattern will full yesterday 2nd half bullish.
  2. PCR is 0.85 (Bullish)
  3. MAX pain: 19350 and 19500
  4. RSI is still in 40-60 means continiously increasing means bulls have power.

Verdict:
Bullishness is expected

Plan of action:
Observe 15 min Candle if bullish
Sell 19350 PE

Haftungsausschluss

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