vanathi

Mighty Nifty - Jan 18

vanathi Mod Updated   
NSE:NIFTY   Nifty 50 Index
Price fall down 2% today. Psychological support is seen at 21500 - 21520 zone. After the big fall, tomorrow may be less a volatile day.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 21610.
Stop Loss : 21580.
Targets : 21640, 21680, 21720 and 21740.
These levels are derived based on the assumption that price will take support from 21600 and break the consolidation.
Sell below : 21540. Remember 21500 is a support level.
Stop Loss : 21570.
Targets : 21510, 21480, 21440 and 21400.

Expected expiry day range is 21500 to 21700.

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Comment:
Towards 21390, 21360.
Comment:
21360 done. Towards 21280 - 21300.
Comment:
21285 low made as mentioned and reversed.

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