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 !