Nifty has filled its previous the gap. And has been sustaining the important level of 8270. Double bottom of RSI above 50 shows the momentum is gaining. Nifty is buy above the blue trend line . I expect a little pull back tomorrow. Targets are 8303 and 8387. Follow the blue trend line . Happy Trading! https://in.tradingview.com/chart/QtD56IkU/
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As I expected nifty retraced today. A little pull back.
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One hr candle's longer upper wick shows nifty is struggling.
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Trade closed: target reached:
Thank you My Mighty Nifty!
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This is my "One good trade of this week". My next post is "Trader's queries". I will discuss my errors there along with the question answers.
@venkaticr, It is a minor correction. I expect 8300 within 2 or 3 days and again it will move upside.
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@bajajct100, Market moves in patterns and cycles. I am trying to identify the cycle and using trend lines.
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@vanathi, Currently i have nifty long taken yesterday.i am using psar 30min as sl.you target 8387 is approaching.I am learning with you.
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