indiamarketoutlook
Short

Nifty: Will Monday be a down day...???

NSE:NIFTY   Nifty 50 Index
151 views
3
151 0
Nifty
CMP 9642

Observations from the chart

- This is a 30 minutes candle chart

- 9640-9650 zone as can be seen acted twice as resistance initially

- Then subsequently it provided support on 4 occasions

- Currently Nifty looks likely to be in small down trend

- If Nifty closing is below 9640 then probability of downside might increase

For the current set up


Target - 9580 - 9560

Stop loss - 9666

Time frame till Monday


Review your risk:reward & your trading plan

&

Plan your trade accordingly


Take care & safe trading...!!!

Trade closed: stop reached: Nifty crosses 9666

Exit from short position with minor losses if closing is above 9666

Take care & safe trading...!!!
Comment: Nifty despite a flurry of 30 point up move in late Friday session, it still struggled to close above the resistance top of falling channel.
Comment: Nifty forming a doji candlestick right at channel resistance suggesting indecision
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out