Nifty 50 IndexUpdated Trump 50 Rally or Dump ?
Trump factor will decide trend this week for Nifty.
Nifty 50 still trading in last week range a gap up open or nifty sustains above 23400 levels tomorrow could test 24k this week else it will range out repeat of last week until support area holds which is 23100 area below.
Nifty Key Levels for Tuesday 21st Jan.
Resistance:- 23400
If sustains above long for the targets of 23450,24500,24650.
Support :-23270 to 23250 Area.
if sustains below short for the targets of 23200,23150,23100,23050.
Another probability is if opens flat look for rejection of last week candle high to play reversal downside.
Educational purpose only do your own research before taking entries.
Nifty 50 still trading in last week range a gap up open or nifty sustains above 23400 levels tomorrow could test 24k this week else it will range out repeat of last week until support area holds which is 23100 area below.
Nifty Key Levels for Tuesday 21st Jan.
Resistance:- 23400
If sustains above long for the targets of 23450,24500,24650.
Support :-23270 to 23250 Area.
if sustains below short for the targets of 23200,23150,23100,23050.
Another probability is if opens flat look for rejection of last week candle high to play reversal downside.
Educational purpose only do your own research before taking entries.
Trade active
Short entry made on resistance with open drive strategy 5 mins time frame first candle low short entry target 23300 below.
Trade closed: target reached
Target Achieved.
Note
Resistance held and support breaks down achieved lower targets
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.