Good Morning Traders,
Nifty has formed a bullish harami candlestick pattern in Daily timeframe. This is a indication of bullishness in market, According to this pattern price has to move in upward direction but as Global market is looking really bearish, might be we can see nifty in some lower range in today's session, Gift Nifty also suggesting a Gap down opening. But chances are high we can see buying in our market. Well if Nifty is unable to sustain 19500 levels in closing basis, then we can definitely expect nifty towards 19200 levels in coming day's.
Important levels for Nifty:-
Strong support zone 19500
Strong resistance zone 19800
Buy above 19741, if levels sustains at least for 30 Mints.
Targets we can see in upside 19841/19906
Keep stop loss at 19605
Sale below 19605, if levels sustains at least for 30 Mints.
Targets we can see in downside 19553/19496
Keep stop loss at 19741
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Nifty has formed a bullish harami candlestick pattern in Daily timeframe. This is a indication of bullishness in market, According to this pattern price has to move in upward direction but as Global market is looking really bearish, might be we can see nifty in some lower range in today's session, Gift Nifty also suggesting a Gap down opening. But chances are high we can see buying in our market. Well if Nifty is unable to sustain 19500 levels in closing basis, then we can definitely expect nifty towards 19200 levels in coming day's.
Important levels for Nifty:-
Strong support zone 19500
Strong resistance zone 19800
Buy above 19741, if levels sustains at least for 30 Mints.
Targets we can see in upside 19841/19906
Keep stop loss at 19605
Sale below 19605, if levels sustains at least for 30 Mints.
Targets we can see in downside 19553/19496
Keep stop loss at 19741
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Best Regards,
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
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