Nifty Prediction for 16/01/2020
Nifty posted a long lower leg dojji. This means at lower level lots of buying was seen. Its low was exactly on 5 DMA average. Also it was on red line. Nifty has closed for 3 consecutive days above this line. This confirms breakout. So it seems that from here nifty may go up further. But as per our calculation target is above 12400 and all time high is 12374. So there is not much gap.
Nitin Shripad Joshi