Nifty 50 Technical Analysis Today:-
Please Look at the chart for Nifty 50 Technical Analysis today on 31-03-2023
Weekly View on 31 March 2023
Daily View on 31 March 2023
OPENING | CLOSING | HIGH | LOW |
17,210.35 | 17359.75 | 17381.60 | 17204.65 |
ADVANCE | DECLINE | UNCHANGE | DAILY SUPPORT | DAILY RESISTANCE |
43 | 7 | 0 | 16907 appx. | 17380 appx. |
My analysis and decision on the basis of the above data for nifty 50 technical analysis today:-
- Price just break previous resistance Line.
- EMAs shows Downtrend
- Entry- Waiting for Down Trend resume or to Start new Up Trend
- Target Price- After Confirmation of Trend
- Stop Loss- NA
As shown in the above picture we have to wait for Shorting Opportunity expecting to Down Trend resume on the next week. But there is no guarantee on market it's absolutely game of probability, hence if Market start a new Up Trend from here we have to wait for Clear signal to Trade with Up Trend (i.e. Pull Back entry).
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