November 24, 2024

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November 24, 2024

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HomeNiftyNifty Trend : 16 April 2021

Nifty Trend : 16 April 2021

Nifty Future closed @ 14600 as on 15.04.2021..!!

Nifty Future has resistance at 14636 – 14676 Point; above which other resistance levels are at 14707 â€“ 14737 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 14560 – 14505 Point; below 14505 Point, other support levels are at 14474 – 14404 Point.

I am positive for the next bullish trend only above @ 14676 Point but be with the trend. Let the market decide further moves.

As we are saying from many days, Buying is suggested in falls only…and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now…!!

If Nifty Future crosses @ 14676 Point, again then the upper side target is quite high and it may touch @ 14707 Point in the short term…!!!

 

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