Nifty CMP 16793
Bullish & Bearish views
Bullish
Bullish bias move for the next 6 months to reach 20956.
Parallel Channel
Descending from High 18593
Retested Aug 21 High 16546
Bearish
Once it crosses 17688, which is High of Dec21 for a rise till 20956.
Factors:
- Unless now closes Mar22 below 16230 with a
Momentum Candle it will not turn bearish.
- Nearest Support below 16230/15929/15524