vanathi

Mighty Nifty - Double bottom or double top?

NSE:NIFTY   Nifty 50 Index
187 4 11
Nifty             has taken support at 9470 - 9475 levels.Formed double bottom too.Immediate resistance is seen at 9520 - 9525 levels. Breaking the resistance will make the price to move towards 9565, 9590 and 9605. Trend deciding level is 9525.
Trade active
Comment: Long side first target done!
Trade closed: target reached: On first target!
Real dilemma. will have to see price action as both sides look equally possible on charts
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vanathi DINESH1961
@DINESH1961, I like to be bullish, but since it is expiry date, movement may be in any direction.
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Agree
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vanathi Rajarshita_RS
@Rajarshita_RS, Yes :)
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