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
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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
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Short have been added today @11005 For 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
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Nifty target reached a close below 10780 is pure negative for the market