As described in chart drawing, I have attempted to draw Sup/Res ranges for shot term. The zone which I was looking for a day before is now being tempered with, will watch Monday price action.
Conclusion is nifty if breaches immediate support marked as S1 will hold the probability to retrace till S-2.
And if nifty takes support at S1 and breaches R1 then next rally is likely to start.
Beyond this for short term I have no views.
Conclusion is nifty if breaches immediate support marked as S1 will hold the probability to retrace till S-2.
And if nifty takes support at S1 and breaches R1 then next rally is likely to start.
Beyond this for short term I have no views.
Trade active:
Same chart is still active...
Today. support breached and next target of short is achieved precisely.
Today. support breached and next target of short is achieved precisely.
