NIFTY WEEKLY TECHNICAL OUTLOOK
Updated
Hello mates and friends
First time I want to share weekly technical out look of bench mark index NIFTY 50 so what I saw on daily chart is that it opens a small gap down on last Monday but recovers good on that session from day lows after the it goes for a maximum 2% trading range for full week and forms a narrow range which followed a by an immediate resistance identified is 17286 levels and support is 16943 although we saw a good gap up on last session of the week but not sustained on day highs or near about and eventually that gap happened due to global market rallied on Thursday night we opened on Friday by that impact. So I will try to add positions after when it break certain levels which I mentioned on charts as support or resistance. For more support I add Bollinger band indicator which is identically reflect as support and resistance which I was try to identified. one can be found some problem to understand but I think one or maximum two times after reading or watching you will understand fully,
KEY SUPPORT OR RESISTANCE-:
RESISTANCE-: 17286
SUPPORT-: 17943
KEY TARGETS-:
BUY-: 17714
SELL-: 16648
First time I want to share weekly technical out look of bench mark index NIFTY 50 so what I saw on daily chart is that it opens a small gap down on last Monday but recovers good on that session from day lows after the it goes for a maximum 2% trading range for full week and forms a narrow range which followed a by an immediate resistance identified is 17286 levels and support is 16943 although we saw a good gap up on last session of the week but not sustained on day highs or near about and eventually that gap happened due to global market rallied on Thursday night we opened on Friday by that impact. So I will try to add positions after when it break certain levels which I mentioned on charts as support or resistance. For more support I add Bollinger band indicator which is identically reflect as support and resistance which I was try to identified. one can be found some problem to understand but I think one or maximum two times after reading or watching you will understand fully,
KEY SUPPORT OR RESISTANCE-:
RESISTANCE-: 17286
SUPPORT-: 17943
KEY TARGETS-:
BUY-: 17714
SELL-: 16648
Note
SUPPORT IS 16943 INSTEAD OF 17943 THAT IS TYPING ERROR CAN NOT ABLE TO EDIT NOW SO UPDATING VIA COMMENTTrade closed: target reached
BUYING SIDE TARGET DONE
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