NIFTY INDEX VIEW
Updated
NIFTY TRADE
STUDY IS BASED ON SPOT RATE
PLEASE ADJUST FOR FUTURE LEVELS
CONDITION:-
INDEX SHOULD CLOSE ABOVE 20-DMA 11111
A CLOSE ABOVE 1140 IS NEED FOR CLOSING ABOVE SUPPLY ZONE
RESULT:-
IF THE ABOVE CONDITIONS ARE MET NIFTY WILL TEST LEVELS OF 11255-11332-11358
NIFTY WEEKLY VIEW WILL BE POSTED ON FRIDAY
STUDY IS BASED ON SPOT RATE
PLEASE ADJUST FOR FUTURE LEVELS
CONDITION:-
INDEX SHOULD CLOSE ABOVE 20-DMA 11111
A CLOSE ABOVE 1140 IS NEED FOR CLOSING ABOVE SUPPLY ZONE
RESULT:-
IF THE ABOVE CONDITIONS ARE MET NIFTY WILL TEST LEVELS OF 11255-11332-11358
NIFTY WEEKLY VIEW WILL BE POSTED ON FRIDAY
Note
since we tracked nifty levels very carefully our reversal points hold true....new levels to watch a close below 11030 will lead to further selling
test of 10890 possible on the upside break above 11140 is important for further upside rally
Note
Short have been added today @11005For a near term tgt of 10780-10830
Now a close below 10780 will confirm dead cat bounce and further selling in nifty index and retest of 10620-10540
Note
Nifty target reached a close below 10780 is pure negative for the market
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