Nifty_Club_India
Long

Nifty Outlook for 06-09-2018

NSE:NIFTY   Nifty 50 Index
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Nifty Outlook for 06-09-2018

Yesterday we had given a buy call on nifty but our stop loss triggered.

For tomorrow we still think that we should be buy on the nifty .
Reasons
-On daily charts nifty made hammer formation, which is a bearish reversal pattern.
-Nifty is still into uptrend and we feel the up-going trend is just part of correction.
-Nifty is still forming Higher high & Higher lows.

What we can do
Buy above 11510
SL below 11480
Targets 11570/11600
marihuana-aktien marihuana-aktien
Reply
Hi, i think it is quite to early to go long...watch the rsi in the daily
Reply
Nifty_Club_India marihuana-aktien
@marihuana-aktien, every one is having there own way of trading, i never use any indicator.

I usually keep charts clean and simple instead of drawing tooo much on charts.

I tries to follow the market rather then predicting.
Reply
marihuana-aktien Nifty_Club_India
@Nifty_Club_India, yes, for sure!
Reply
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