What Chart Says:
Nifty opened well above the previous day midpoint and never looked back and remained strong through out the session, ending well above the previous session high.
Nifty poised well for possible next higher target in coming days.
Behind the scenes:
The market remained range bound through the day and the almost 28-22 respectively.
The FII still showed buying interest for 9th consecutive day investing 944 Crores.
Enery, Metails, Infra , FMCG remains & good recovery also seen in IT today.
What to expect:
Nifty looking and poised to take out current high of 15257 & may possibly make new high of 15331 & higher.
Any pullback in Nifty is a buying opportunity.
How to trade today:
You can notice that Nifty closed above previous closing and showing possible upmove.
1. GAP UP OPENING - First possible resistance is at 15257 and any retrace can be buying opportunity.
2. GAP DOWN OPENING - First possible support would be 15127 and head for higher targets.
3. Flat OPENING - Key level to watch out would be 15188 , any possible support or resitance at this level take trade along the direction of the trend and sit for next possible zones marked out.
For better Accuracte trades use tradershedge indicator:
?? Each levels Act can as possible support and resistance????.
You can trade then on 5min and 15 min as per your trade set up or you can follow the dynamic entry & exit levels update and triggers from our TradersHedge indicator setup.
The indicator will auto plot the possible reversal zones for intraday & swing trades by analyzing the higher time frames and identifies the zones.
The indicator will also guide you as a GPS system by plotting the possible target zones well in advance so that you can plan your trades accordingly.
You can also check out the Links in the signature for regular & LIVE updates.
Happy Trading !