AMGO_Markets

Nifty 50 weekly update

NSE:NIFTY   Nifty 50 Index
1. first support is being already tempered day before
2. Candle approaching S2 is not enthusiastic although it appearing to be bounced from Support S2
3. NIFTY FINACIAL SERVICES HAS BREACHED THE IMPORTANT SUPPORT
4. Nifty energy is appearing to be bullish for the time being
5. Nifty FMCG is in total doldrum
6. Nifty Auto is not showing great sign
7. Nifty 500 approach support with in significant candle
8. Nifty it will try to trade in resistance zone before falling again
9. Nifty media is showing some kind of revival
10. Nifty metal has no say as of now
11. Nifty MNC is confused what to do
12. nifty pharma is on the way to break support
13. Nifty psu bank has nor role
14. Nifty reality is still fighting out the battle to remain bullish

with all this I must say I will not go blindly long without confirmation on positional basis.
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