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Nifty: Important levels from a short term trade perspective

NSE:NIFTY   Nifty 50 Index
Nifty
CMP 11589


In the current setup, from short term trade perspective, any dips towards 11522 - 11465 zone needs to be watched carefully.

Holding the same will indicate unwillingness of our Market to accept a fall / correction. And probability of Market scaling new highs in coming days will improve.

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Inability to hold the same will signal warning bells but only a close below 11320 levels will open doors for further fall in Nifty up to 10800 levels

Plan your trade accordingly...!!!

Take care & safe trading...!!!
Trade closed: target reached: Nifty respects technical levels and despite world markets on the up Nifty defies the trend to go down and do 10800 target in a flash...

Previous support of 11340 acted as resistance. Made a high of 10346

Charts were indicating, a close Below 10320 and risk of Nifty falling up to 10800 was high.

It did 10866 just like that...

So were you looking at world markets or were you listening to what Nifty chart was indicating...

Take care and safe trading...

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