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Nifty 50 Index
Long

Mighty Nifty - Oct 3

2 268
Price was consolidating in a range on monday. This consolidation can lead to rounding bottom pattern mostly if it sustains the current level.
Pattern : Support/Resistance.
Range : Good.
Trend strength : Normal.
Buy Above : 25820.
Stop Loss : 25780.
Targets : 25860, 25900, 25940 and 25980.

Sell below : 25740.
Stop Loss : 25780.
Targets : 25700, 25660, 25620 and 25590.

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Note
25590 - 25620 is another trend deciding zone. If price is bearish below that, then we can expect 25556, 25530 and 25502.
Note
25502 done. 25k is a strong support.
vanathi
Mod
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Also on:
Support and Resistance

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Support and Resistance
vanathi
Mod
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Also on:

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.