LP Markets Trade Talk: kya bolta hai NIFTY ?

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Nifty closed the week strong on the highest point of the week which suggests bulls were in control during the week. The FII’s are long as per the derivative data. Nifty is now at striking distance from the last two higher closings at 18255 which happened on 10th January 2022 and then 18338 which happened on 11th October 2021.

The hourly chart of Nifty continues to be in an uptrend forming higher highs and higher lows.The recent range of 18000 and 18150 needs to be watched for taking further action.A break above 18150 will propel further upmove and a break below 18000 will make the higher high higher low formation on hourly chart complete and Nifty may take a pause or reverse.

Overall the setup looks bullish and chances are that Nifty might attempt new highs in coming days.

Content of the post is solely meant for information and educational purpose. No part of the article should be considered as an advice to trade / invest in stocks and derivatives markets. Readers are advised to consult their registered financial advisors before initiating any trade. Readers should always keep in mind that trading / investing in stocks and derivatives entails risk of capital. The writer or Local Post is not liable and should not be held responsible for any profits or losses emanating from actions taken by the readers in financial markets. Before taking decisions related to trading and investment in financial markets, every reader should consult registered financial advisors.


Amit Kapoor

Amit Kapoor is a Chartered Market Technician ( CMT,USA),level 3 cleared .Having rich experience of almost 2 decades in financial markets in Insurance, Mutual Fund and Banking Industry and is currently advising / helping investors and traders in the field of technical analysis, portfolio creation and reducing risk of investment through the use of F&O. Views expressed are his own. He can be reached out at

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