Nifty 50 Index
Updated

Mighty Nifty - March 11

1 750
Nothing has changed as the price formed consolidation in the trend deciding zone. We know already 22480 - 22520 decides the trend direction. More time price spends on this zone with out gaining bullish strength, it indirectly gains bearish strength.

Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 22520.
Stop Loss : 22470.
Targets : 22560, 22600, 22640 and 22680.

Sell below : 22380.
Stop Loss : 22420.
Targets : 22340, 22300 and 22260.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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Note
At trend deciding zone. snapshot
Trade active
Short.
Trade closed: target reached
T1 done. Low made 22307. snapshot

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