Nifty 50 IndexLong
Bullish view
In Nifty 50 I have seen bullish pattern and it's respect is support and resistance
but Nifty make rising wedge pattern in 1 hour time frame which means we can see selling in Nifty
wait for price action if Nifty respect that price and have some buying then we can trade with sl of 11800, target 12000, 12100, 12200
but if selling is happening in Monday 26-oct-2020 session then wait for break its support which is stablished in 11800 and then take sell side
In Derivatives and option chain Nifty is bullish
but Nifty make rising wedge pattern in 1 hour time frame which means we can see selling in Nifty
wait for price action if Nifty respect that price and have some buying then we can trade with sl of 11800, target 12000, 12100, 12200
but if selling is happening in Monday 26-oct-2020 session then wait for break its support which is stablished in 11800 and then take sell side
In Derivatives and option chain Nifty is bullish
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.