Mighty Nifty is green!

NSE:NIFTY   Nifty 50 Index
305 15
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!
Trade active
Comment: As I expected nifty retraced today. A little pull back.
Trade active
Comment: One hr candle's longer upper wick shows nifty is struggling.
Trade active
Trade closed: target reached: Thank you My Mighty Nifty!
Comment: 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.
Join me in telegram to learn & earn. I also post my trades there.
Simply Superb. But need to wait for 5-6 days to reach the target.
vanathi venkaticr
venkaticr vanathi
@vanathi, Good forecast. Can we go long with a small hedging, hoping if the market correct on the opening time we will average. What is the Nifty Jan.17 target, > 8600 with minor correction upto 8200?
vanathi venkaticr
@venkaticr, It is a minor correction. I expect 8300 within 2 or 3 days and again it will move upside.
Thank you mighty Nifty & skillful Vanathi. Waiting for Next Nifty Idea.
vanathi murasolivm
@murasolivm, Thank you for the support.
Amazing.mostly you are using waves and trendlines. i am learning.
vanathi bajajct100
@bajajct100, Market moves in patterns and cycles. I am trying to identify the cycle and using trend lines.
bajajct100 vanathi
@vanathi, Currently i have nifty long taken yesterday.i am using psar 30min as target 8387 is approaching.I am learning with you.
Once again keep it up and confirmed that you are spreading happiness.
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