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JPALANISAMY
May 25, 2020 5:23 PM

LONG ON NIFTY Long

Nifty 50 IndexNSE

Description

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.
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