vanathi

Mighty Nifty - Long!

Long
NSE:NIFTY   Nifty 50 Index
226 views
15
Nifty has formed double bottom at 9025 and closed above it. Buy above 9040 with the stoploss 9020. Targets are 9060, 9075 and 9090. Nifty is bearish below 9020 - 9025. Nifty is bullish as long as it holds 9025.
Trade active
Comment: Next target 9110 spot.
Trade closed: target reached: Price action reached 9109 twice.
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Comments

29-3-17 BIG MOVE DAY , buy nifty near open
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super chart
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vanathi shiv_n
@shiv_n, Thank you.
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which time frame is this vanathi
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vanathi sudheergthm
@sudheergthm, In the above chart see the letters nifty 50, 30, NSE. It means its 30 mins chart. In 15,30 and 1 hr chart double bottom has been formed yesterday.
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@vanathi, ok thanks
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@vanathi the nifty is probably making a simple zigzag correction after giving an impulsive movement. first two wave 'a' and 'b' seems to have completed having given move from 9019.30 to 9133.55 & from 9133.55 to previous day's low of 9024.65, respectively. the nifty may touch or go beyond the level of the end of wave 'a', i.e., 9133.55. However, market may witness a sharp decline in nifty in the future after the finishing of the wave 'c' of the simple zigzag. the hourly chart of nifty has been shared below for the reference. regards.

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vanathi sgor1980
@sgor1980, As per your analysis also nifty will reach 9110. Thank you for sharing your view.
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