Today the Indian markets showed bullish momentum in the second half of the trading session but could not break an important resistance . Looking at the global cues right now , our markets are most likely to open gap up tomorrow . So if tomorrow on expiry day , the markets cross the important resistance of 17772 then we can see good bullish momentum in the markets .
The targets given are intermediate resistances and trailing stoploss should be used once you have entered the trade . T2 is particularly an important resistance and cautious approach should be used near T2 .
You can also enter the trade if the markets directly open gap up above our entry tomorrow.
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
The targets given are intermediate resistances and trailing stoploss should be used once you have entered the trade . T2 is particularly an important resistance and cautious approach should be used near T2 .
You can also enter the trade if the markets directly open gap up above our entry tomorrow.
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
Comment:
Hi guys , American markets slipped towards their closing and asian cues are also mixed-bearish . So sgx nifty is now in red showing us a gap down opening . So , our trade might not get actvated today. But these level could be used anytime later as well.
Comment:
Ok guys , despite sgx nifty showing us a gap down opening . Indian markets are opening in green . Now just watch out for our entry level and enter only on closing of 15 min above our entry level.