June 16, 2018

NIFTY weekly charts

- markets rangebound for this year
- YTD gains are 2.7%
- channel seen on weekly charts
- nifty is at upper end of the channel
- trend reversal from here can lead to retest and break of 10000
- this process can take 2-3 months at the very least

- breakout above 11000 will be bullish

- option writing indicators are bullish this series

 

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