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NIFTY VIEW AS PER 06/06/24

NIFTY CHART AS PER 1 HOUR CHART . AFTER THE SUPER PERFORMANCE BY NDA PARTY IN THE NATIONAL ELECTION . MODI SIR WAS ABLE TO GAIN MORE VOTES SINGLE HANDLY THEN THE COMBINE CALCULATION OF SEATS .


NDA IS GOING TO FOR THE FORMATION OF THE GOVERNMENT FOR THE NEXT 5 YEARS . MARKETS HAVE MOVED UP BY 7.40% APPROX FROM THE BOTTMS , MAKING THE LOW OF 21281.45 AGINST THE PREVIOUS HIGH OF EXIT POLL NEWS OF GIVING THEM MORE THEN 300 PLUS MANDATE WHICH DID NOT COME OUT TRUE AND MARKET TOOK A BIG CRASH OF MORE THEN 8% ON A SINGLE DAY CRASH. WITH THE NEW COMBINE GOVERNMENT , NDA LOOKS PROMISING ALLIANCE FOR NEXT 5 YEARS AND LOT OF SMALL INDIVIDUAL ALSO HAVE COME FORWARD TO JOIN THE NDA . TECHNICAL VIEW AS PER THE YTASYSTEM WE CAN SEE THAT THE GREEN COULD HAS CROSSED ABOVE THE RED CLOUD , THIS IS SHOULD A GOOD STRENGTH IN THE MARKET . WE ALSO HAD NEARLY ABOUT 4 CANDLES OF 1 HOUR EACH , THAT IS 4 HOURS OF GOOD OF GOD CONSOLIDATION , WHICH ALSO TELLS US THAT , THE SELLERS ARE NOT ABLE TO TAKE THE ADVANTAGE OD THE SIDE WAYS AND ANY SUPPLY IS BEEN TAKEN AWAY BY THE STRONG BUYERS AT THIS AREA . WE CAN ALSO SEE A GOOD GAP BETWEEN THE GAPS , WHICH SHOWS GOOD STRENGTH IN THE INDEX . SUPPORT = 22635 POSSIBLE UP MOVE = 23320 WE CAN SEE A STRONG ZIG ZAG PATTERN FORMATION , WHICH IS SHOWING THAT THE RESISTANCE TURNED TO SUPPORT ON THE LOWER TIME FRAME AND HELPED TO GET A STRONG SIDEWAYS IN THE MARKET . THANK YOU CONTACT : YTASCHOOL@GMAIL.COM DISC* THE ABOVE ILLUSTRATION , LEARNING , DATA ETC ARE JSUT FOR OBSERVATION AND FOR MY FUTURE STUDY. NON OF THE ABOVE IS SHARED FOR ANY KIND OF ACTION TAKING . IT IS ONLY SHARED FOR EDUCATIONAL , AND OBSERVATION ONLY . ANY KIND OF OUTCOME I AM NOT LIABLE . BEFORE TAKING ANY ACTION PLEASE CONSULT YOUR FINANCIAL ADVISORY . I AM NOT SEBI REGISTERED AVISOR . BOOK :- YOU CAN BUY MY BOOK https://amzn.to/3RhOKPX



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