Nifty 50 Index
Updated

Nifty - Weekly Review May 4 to May 8

1 352
Friday's close was nearly the same as last week's close, which makes 24000 as a strong trend direction deciding zone. The price can move up if there is strong bullish strength at 24000.
Buy above 24040 with the stop loss of 23980 for the targets 24080, 24140, 24200, 24280, 24340, 24420 and 24500.
Sell below 23880 with the stop loss of 23940 for the targets 23840, 23780, 23720, 23660, 23600, 23520, 23480, 23400 and 23360.
One thing is different from last week. A descending channel pattern is seen on the lower time frame. Opening with strong bearish strength can change the price bearish. Wait, watch and trade.
Always do your analysis before taking any trade.
Trade active
Long. T4 done. snapshot

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