InsiderB

Nifty : Are we gonna Range today ?

NSE:NIFTY   Nifty 50 Index
Feels like Nifty will be ranging between 9360's and 9280's but on the channel break, scalpers can have few more points on the downside till 9280's.

Get Bullish only after reversal. Happy Trading week !
Comment: on our roads, I hope scalpers are making money , Enjoy that :)
Comment: Just noticed, Our zone was 9270 and Nifty reversed at 9269.90 , I'm also surprised like you :)
how do you know it will range day? can you explain
Reply
InsiderB raoadnan84
@raoadnan84, there was resistance and support on both sides and there is no Momentum to break , so I felt it will be range day
Reply
raoadnan84 InsiderB
@InsiderB, Thanks really appreciated.understand it touches resistance and support and pull back but what about momentum. Have you consider volume for this ? or from pattern/candles you recognize it doesn't have momentum.
Just try to understand charts.
+1 Reply
InsiderB raoadnan84
@raoadnan84, No bigger volumes, then its just weaker move. During trend developments volume spikes will happen & candle formations to certain extent, yes with practice you can also do
Reply
raoadnan84 InsiderB
@InsiderB, good
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great analysis @InsiderB
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InsiderB ProfitHoga
@ProfitHoga, Thanks man !
Reply
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