Nifty Intraday levels for 10 May 2021 (Triangle Pattern)
Execute Long Only if the RSI Breaks the trend line and the price should be above 14870 for a target of 14980.15000 will be our Strong Psychological Resistance as per Open interest.
Execute Short below 14770 , as the price breaks the Strong support of 14800 ( As per open interest ) for target of 14670 & 14600 levels.
Right now , Index is in indecisive mode. Don't take heavy positions.
Kindly share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for Educational purpose only.
Execute Short below 14770 , as the price breaks the Strong support of 14800 ( As per open interest ) for target of 14670 & 14600 levels.
Right now , Index is in indecisive mode. Don't take heavy positions.
Kindly share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for Educational purpose only.
Trade closed: target reached:
Target Achieved