msvtrader

Breaks above 11670 can take long

msvtrader Updated   
NSE:NIFTY   Nifty 50 Index
If nifty closes above 11670 can take long position on successful testing of it as support level with stop loss at 11480.
If NIFTY decides to turn around from here, can short with a target 10000 levels with stop loss at 11675.
Comment:
221019-11588.35
Failed to close above 11670. So will short tomorrow with SL @ 11670 for TGT 11465;11385.
If 11465 & 11385 fails to hold, it can quite easily break 10600 level, which is acting as crucial support for the past year or so.

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.