What Chart Says:
Nifty formed a inside , kind of candle showing a neutral sentiment.
Behind the scenes:
Advance to decline ratio is around 49:1 in nifty 50
FII & DII were very flat today , a small investment.
Most of the European & Asian markets were in green
What to expect:
We can expect a possible movement tomorrow, in case if the markets open flat & gap up the upper levels can be tested.
How to trade today:
1. GAP UP OPENING - First possible resistance is at 14806 and if it is taken out and if it acts as support then we can expect 14888 / 14982 & above levels to be tested.
2. GAP DOWN OPENING - First possible resistance is around 14722. Any of these levels acting as a strong resistance can go short with possible lower targets of 14638/14529.
3. Flat OPENING - 14806 is the key level to watch out on flat open any at this level we can take positions in the direction of the trend and sit for targets as marked.
For better Accurate trades use tradershedge indicator:
?? Each levels Act can as possible support and resistance????.
You can trade then on 5 min and 15 min as per your trade set up or you can follow the dynamic entry & exit levels update and triggers from our TradersHedge indicator setup.
The indicator will auto plot the possible reversal zones for intraday & swing trades by analyzing the higher time frames and identifies the zones.
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You can also check out the Links in the signature for detailed & LIVE updates.
Happy Trading !