NSE:NIFTY   Nifty 50 Index
It is at the top end of its rising parallel channel. As per Ichimoku it is also at a Price & Time Axis reversal. An hourly close below 14525 would validate the reversal for 14250/13750. View would get negated if it gives a daily close above day high after triggering a down move.
Comment: short term traders can book here, else trail with 14550 on hourly basis
Comment: If 14350 sustains on hourly basis then we could expect a pullback. failure to hold it would mean no support till 14250 - the 1st expected target
Comment: 1st expected level achieved
Comment: Bearish C Clamp (Ichimoku Analysis) activated in daily time frame suggesting 13950 as the next level with 14450-14500 as a resistance now
Comment: An hourly close above today's high will negate downside. Sustaining below 14535 opens the passage for 14425 / 14350, below that 14200/13900
Trade closed: target reached

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