NIFTY.............
1. 16,000 is a historical long term level where a lots of churning taken place earlier. This is the level where long term portfolio were built.
2. If by chance we happen to see NIFTY at around this level again, initiative buyers are expected to pounce.
3. POC of weekly volume profile also suggest the same level.
4. Start accumulating NIFTY around this level with 2-3% SL for much higher levels as per patterns depicted.
1. 16,000 is a historical long term level where a lots of churning taken place earlier. This is the level where long term portfolio were built.
2. If by chance we happen to see NIFTY at around this level again, initiative buyers are expected to pounce.
3. POC of weekly volume profile also suggest the same level.
4. Start accumulating NIFTY around this level with 2-3% SL for much higher levels as per patterns depicted.