- Nifty weekly chart staying above 8900 will continue to favour bulls.
- Month candle too shows a bullish March candle so far. March closing above the shaded resistance level will strengthen bulls further. Bears must deny this event from happening to avoid a bigger bullish move.
- Daily chart shows a crucial GAP in chart. If correction continues this GAP can act as support. Bigger bearish possibilities only if Bears are able to close price below this GAP.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 20, 2017
NIFTY Chart Analysis
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