NIFTY: preparation of a zig-zag correction ?
Nifty can repeat the fall of september again which was in a form of zig-zag having the initial run as leading diagonal.
Trading strategy :
1. Buy nifty on dips for target of 15000-15050 , holding 15050 can extend to 15200-225. maintain SL of 14465 on the downside.
2. As soon nifty reaches in the resistance zone and starts rejecting then , create sell position close to 15250-300 with SL of 15350 for the downside objectives of 13700-500 .
Trading strategy :
1. Buy nifty on dips for target of 15000-15050 , holding 15050 can extend to 15200-225. maintain SL of 14465 on the downside.
2. As soon nifty reaches in the resistance zone and starts rejecting then , create sell position close to 15250-300 with SL of 15350 for the downside objectives of 13700-500 .
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
tradingsutra.com
waveutra.com
INSTAGRAM-
instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
tradingsutra.com
waveutra.com
INSTAGRAM-
instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
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