Nifty
Nifty closed at 19140 with strong recovery from yesterday's low. However, 19180-19200 still remains strong resistance and once it breaks then, we can target 19300(100 DEMA) .
Strategy for tomorrow based on 15 min chart:-
If it opens gap up near 19200, then wait for price action for breakout or selling from those levels . If selling persists, then we can target 19100-19075. If it breakout 19200, then we can target 19250 followed by 19300-19330.
If it comes down below 19075, then we can short for target 19015-18930.
Strategy for tomorrow based on 15 min chart:-
If it opens gap up near 19200, then wait for price action for breakout or selling from those levels . If selling persists, then we can target 19100-19075. If it breakout 19200, then we can target 19250 followed by 19300-19330.
If it comes down below 19075, then we can short for target 19015-18930.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.