Nifty Analysis for 30/06/2021
Nifty posted an all-time high of 15915.65 on 21/06/2021. But from that day it is moving in a downward channel as shown in the above chart. Yesterday Nifty has given a 5 DMA sell signal in our #share #analysis #software. But it is at a risk buy mode if it closes above 15886.95. Still, tomorrow's 5 DMA sell Turning Price is 15790. So to maintain the buy signal, nifty has to close above 15790 tomorrow. This will decide Nifty's further trend. Also, it has to give upward breakout to this intraday 5 minutes chart channel red line. But if it gives a lower breakout, then Nifty will go down further.
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Nitin Shripad Joshi