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Nifty regaining strength ??

Long
Nifty 50 Index (NSE:NIFTY)  
IndexxTrader Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY niftytradesetup niftytrading indextrading options-strategy
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trendanalysis chartpattern indicator nifty niftytradesetup niftytrading indextrading options-strategy
Nifty closed in the middle of a 115 minutes channel,
RSI showing good strength,
MACD in negative mode,
Conclusion,
If opened above 18130, Short covering possible, which will take nifty 18175, 18200, 18225,
But as RSI at higher level, MACD slightly negative, sharp profit booking possible at higher levels,
If FII start buying, then only Nifty can continue rally,
Trade,
If opened and sustain above 18130,
Long Nifty,
Tgt 18175,18200,18225
SL 18075
Trade closed: target reached:
Two targets 18175,18200 achieved
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