Nifty Breaks the Strong Resistance at 15000 by a huge gap up. But it faces the trendline resistance at 15150 levels.
Execute Long once it breaks and manages to stay above 15150 for 2 hrs. It can go up to 15350 & 15500 levels.
Execute short at 14940 if the price breaks the strong support for a target of 14700 levels. Use RSI as a double confirmation, once it breaks the trendline at downside for short positions.
Market is looking Bullish. Some profit bookings can happen on upcoming days that can slide the market slightly, but don't execute short until these supports are broken.
Kindly share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Execute Long once it breaks and manages to stay above 15150 for 2 hrs. It can go up to 15350 & 15500 levels.
Execute short at 14940 if the price breaks the strong support for a target of 14700 levels. Use RSI as a double confirmation, once it breaks the trendline at downside for short positions.
Market is looking Bullish. Some profit bookings can happen on upcoming days that can slide the market slightly, but don't execute short until these supports are broken.
Kindly share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Trade active:
Nifty Still taking the support
Trade active:
But RSI broke its trendline in downside
Trade active:
Short is active. Currently in profits