What Chart Says:
Nifty regained back its bullishness and sustained just at 15000 mark again with a strong candle
Behind the scenes:
Advance to decline ratio is around 36:14 in nifty 50
Except bank nifty all the other indices closed in green
FII & DII are back in action after 2 days with 28740 & 230 Crores of into the market
All European markets were closed and green
Us market closed with almost 1% gain.
Singapore market is up by 1.61 at the time of review
What to expect:
After a great rally today, based on global factors we can expect possible bull run in the first half and may be some profit booking.
How to trade today:
1. GAP UP OPENING - First possible resistance is at 15106 and if it is taken out and if it acts as support then we can expect 15257 / 15371 & above levels to be tested.
2. GAP DOWN OPENING - First possible resistance is around 14865. Any of these levels acting as a strong resistance can go short with possible lower targets of 14725.
3. Flat OPENING - 15000 is the key level to watch out on flat open any at this level we can take positions in the direction of the trend and sit for targets as marked.
For better Accurate trades use tradershedge indicator:
?? Each levels Act can as possible support and resistance????.
You can trade then on 5 min and 15 min as per your trade set up or you can follow the dynamic entry & exit levels update and triggers from our TradersHedge indicator setup.
The indicator will auto plot the possible reversal zones for intraday & swing trades by analyzing the higher time frames and identifies the zones.
The indicator will also guide you as a GPS system by plotting the possible target zones well in advance so that you can plan your trades accordingly.
You can also check out the Links in the signature for detailed & LIVE updates.
Happy Trading !