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IndexxTrader
Nov 12, 2021 10:45 AM

Nifty regaining strength ?? Long

Nifty 50 IndexNSE

Description

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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