JPALANISAMY

LONG ON NIFTY

Long
NSE:NIFTY   Nifty 50 Index
9000 act as Psychology support.
Following are support and resistance for tomorow trade.
S R
9000 9068
8923 9148
8819 9400
Expected breakout 9068, Since Weekly chart have hammer pattern, followed by day and 1 Hour chart hav inside bar
& 15 min double bottom with rsi gain and momentom gain
1 St target 9148 and 2 nd target 9400
Stop loss 9000
Comment:
1 st target achieve
Comment:
Short below 9243 (Strong close)-Target 9146
Long above 9352 (Strong Close-Target
Trade active:
Short below 9243 (Strong close)-Target 9146
Long above 9352 (Strong Close)-Target 9518
Trade active:
2 nd target 9400 hit
Trade closed: target reached:
Nifty very close to my revised Target 9518 (Today high-9509)-
For nifty 9438 and 9513 act as support & resistance
Strong breakout the following may test,
long side 9600 and shortside 9300
2 days 500 points -Happy trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.