Hello readers,

Today, I will share the chart of Nifty 50 and let's see how does that look on daily and weekly charts.

Nothing much to say, Have a look on this Nifty chart. We are right now trading at resistance turned support level. The region/zone is marked in the chart below.


The Daily Chart


On the weekly chart, we are forming a bearish engulfing candle as was formed last week.

The Weekly Chart




Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that i might have in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments. This is not a Buy/Sell call but just meant for reader Education purpose.






This article is contributed by Prateek Dhuper on Fri May 18 2018 21:21:12 GMT+0530 (IST)

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