InsiderB

Nifty : DoubleTop or Trendline Retest ?

NSE:NIFTY   Nifty 50 Index
Hi Guys,
Just two simple scenario's in Nifty , so the details in the chart repeats :
I see two scenario's or potential formation for long/short trade setups.
(i) If Market opens Gap Down, Nifty can find support in the zone below 8800's n bounce back
(ii) If Market moves up & gives bearish reversal around 8880's we can enter short
( iii ) Breaking any of the support/Resistance will determine the direction I believe else another ranging day, which I don't expect it to be.
Just an info for harmonic traders,last week bearish Gartleys target 2 around 8770's.

Happy Trading !
Comment: Until this support zone breaks,play safe. If broken Bears will control the Game !
Comment: The Risky Cypher is Here !

Nice one InsiderB
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InsiderB imdbeststocktrader
Thank you !
Reply
i am very much agree with you
+1 Reply
InsiderB rathirathi2001
I guess the cypher is stopping further down move
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do you expect gap up tomrw
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InsiderB priya61
No, I always do analysis by 7.30am, so no idea now
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super sir 100 points
+1 Reply
InsiderB priya61
Yeah ! Hope you are making Money...
Reply
what do u think about next support ? is it 8700 ?
+1 Reply
InsiderB Amar24
Yes Amar, I have market support zone and updated in comment section below the chart.
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