Nifty 50 Trend on 1st july could be sideways
Disclaimer My assumption is just for education purpose
Consult your financial analyst before taking any investment related decision.
I have a neutral range bound view on nifty on 1st of July . 27th June Thursday Nifty had made a shooting star like candle and on 28th Friday bears were successful to push nifty below Thursdays low and formed a solid bearish engulfing marubozu type candle which shows bearish trend confirmation.
But 11760 - 11750 can act as a support for nifty whereas 11840 to 11850 can act as tough resistance for the bulls.
Consult your financial analyst before taking any investment related decision.
I have a neutral range bound view on nifty on 1st of July . 27th June Thursday Nifty had made a shooting star like candle and on 28th Friday bears were successful to push nifty below Thursdays low and formed a solid bearish engulfing marubozu type candle which shows bearish trend confirmation.
But 11760 - 11750 can act as a support for nifty whereas 11840 to 11850 can act as tough resistance for the bulls.
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