raj0778

Nifty 50 analysis for 02 Dec

Short
NSE:NIFTY   Nifty 50 Index
Stay Cautious !!! ... Two important resistance zones marked on chart are 13135-55 and 13245-55 ... Be cautious going long with Nifty unless a clear break out from the second resistance zone is given .. If Nifty opens gap up, above the first resistance zone , it may rally till the second resistance zone followed by a steep correction.

Note - Views expressed are personal and meant for educational purpose only

Comments

where will be expiry of 3 dec 20?
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raj0778 ckirtane
@ckirtane, corrective pattern appears to be a 3 wave structure.. so it might end up as a triangle as well especially if the mkt remains range bound today
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raj0778 ckirtane
@ckirtane, stay cautious taking long positions on Nifty .. expecting a sharp correction
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