Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated:- 23.05. 2021                                 NIFTY SPOT: 15175.30

                                                                                                         

Hi Readers

 

First of all I am Happy to inform you that we have created our You Tube Channel. Name of the channel is My Money Mind.

Link for the You Tube channel:-

https://www.youtube.com/channel/UCdPxcgXXKLV15NL6H_VcQwQ/videos

 

Latest Video link is below:-

https://www.youtube.com/watch?v=28BcWBjt7cE

 

Now the regular Blog:-

 

Nifty moved as was mentioned in my previous blog.

It was mentioned that above 14851 Nifty is Bullish

And in first 3 days Nifty will decide its path.

Also it was mentioned that for any upside Bank Nifty has to support it. Without it upside is not possible.

 

Now what:-

Now Since Nifty and Bank Nifty has given an up move and the move was very good in one week itself.

I would like to book profits here and step aside.

Nifty is on the verge of making Flag pattern on Monthly charts and up with handle pattern on daily charts.

But let Nifty complete the pattern.

Cup with handle pattern together with monthly expiry may bring good volatility.

Trade Accordingly.

 

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.