May 30, 2017

NIFTY Chart analysis

  • Nifty month shows bigger bulls continues to be strong. Bullish structure will remain intact till price stay above 9100 levels.
  • Hour is trying to form a bearish Ascending broadening wedge. This is mostly a bearish pattern, The levels for weakness is shown in 15 Minutes chart.
  • 15 Minutes chart shown with immediate support levels. Weakness starts below 9600 and 9560 levels.