Index remains on a strong trajectory as it continues to hold itself well above its 5DEMA zone - Tradebulls
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/9ffaefbd1e3e2f9580576eda54f39a30.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Index remains on a strong trajectory as it continues to hold itself well above its 5DEMA zone. Options data indicates an immediate squeezed range of 15100-15300 with major bounds still around 15000-15500 for the week. Indicators on the other hand are still trending well into the bullish zone with RSi swinging towards 69 & ADX remaining strong above 34. Hence expect major momentum to unfold on a close above 15470 while any sustained move above 15100 would be considered as an opportunity to add longs within the ongoing range. Traders should continue to trade momentum until its previous days swing low is not breached consecutively . Buy on declines remains a prudent strategy as index scales above its life high. Major key level for the index now rests around 15470 while on the flipside 14930 has developed as an elevated support zone & a prudent stop for trading momentum
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.tradebulls.in/Static/Disclaimer.aspx
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/mobile57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/oilandgas57.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/3c87086b55ebfe13a4b3f7b34da508c7.jpg)
FIIs increased their future index long position holdings by 10.9% - Geojit Financial
![Nifty index has a support at 14150 levels while an upside resistance comes at 14500 levels - Choice Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/335b92933ecf05c6ca0d027ec08c3e4b.jpg)
![Index to resolve higher and gradually head towards 15800 in coming sessions - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/8bb6bd13e717b696b7ff9c04738e9162.jpg)
![A significant correction towards 20710 can be anticipated if the index closes below the same level - Tradebulls Securities](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)