Nifty Hits Our 26250 Target — Now Time to Observe
NIFTY has been moving exactly the way we planned.
The target we marked — 26250 — got achieved today.
I’m more than satisfied trading this entire 300-point move in the index, especially when swing setups weren’t matching my environment.
Nifty still isn’t too stretched to say a proper pullback is here, but a small squat can’t be ruled out.
My indicator is already showing “BP” — meaning weekly traders may start profit booking.
I want to see if that reflects on the daily chart the same way it showed up on the hourly.
So tomorrow I won’t trade aggressively. I’ll just observe and prepare for next week’s structure.
Here are the levels for tomorrow:
Support: 26132
Resistance: 26250 — above this, the next move can push towards 26303
Market breadth has dropped, so I won’t be focusing on stock picking for now.
My eyes will stay on the index and a few large-cap FnO setups only.
That will be all for the day.
Take care. Have a profitable tomorrow.
NIFTY has been moving exactly the way we planned.The target we marked — 26250 — got achieved today.
I’m more than satisfied trading this entire 300-point move in the index, especially when swing setups weren’t matching my environment.
Nifty still isn’t too stretched to say a proper pullback is here, but a small squat can’t be ruled out.
My indicator is already showing “BP” — meaning weekly traders may start profit booking.
I want to see if that reflects on the daily chart the same way it showed up on the hourly.
So tomorrow I won’t trade aggressively. I’ll just observe and prepare for next week’s structure.
Here are the levels for tomorrow:
Support: 26132
Resistance: 26250 — above this, the next move can push towards 26303
Market breadth has dropped, so I won’t be focusing on stock picking for now.
My eyes will stay on the index and a few large-cap FnO setups only.
That will be all for the day.
Take care. Have a profitable tomorrow.
TrendX INC
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.
TrendX INC
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.