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CKParkhi

NIFTY - Time for initiative buyers to get active

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Nifty 50 Index (NSE:NIFTY)  
CKParkhi  
NSE:NIFTY   Nifty 50 Index
Harmonic Patterns Chart Patterns Trend Analysis niftyanalysis niftyoutlook NIFTY niftylevels
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harmonicpatterns chartpattern trendanalysis niftyanalysis niftyoutlook nifty niftylevels
NIFTY.............
1. 16,000 is a historical long term level where a lots of churning taken place earlier. This is the level where long term portfolio were built.
2. If by chance we happen to see NIFTY at around this level again, initiative buyers are expected to pounce.
3. POC of weekly volume profile also suggest the same level.
4. Start accumulating NIFTY around this level with 2-3% SL for much higher levels as per patterns depicted.
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