NIFTY 50 - OBSERVATIONS

NIFTY 50 IS AT THE BOTTOM OF THE UPWARD CHANNEL.

IF IT STARTS IT'S JOURNEY UPWARDS, THEN 11,200 & 11,400 ARE THE NEARBY TARGETS.

IF IT BREAKS, THEN 10,500 IS THE NEARBY SUPPORT.

WEEKLY CHART HAS A "KUMO" INDICATING A REVERSAL OF THE PRESENT TREND AND THE FUTURE "KUMO" IS BULLISH.