Nifty has taken support at the channel trend line. It has made a strong marubozu candle. It has room to move up.
My view for tomorrow is Bullish...
Comment:
Caution
Nifty closed at it's Fibo resistance level. 11400 is the level where it can reverse. Go long only if it opens above 11400 and stays there. If it's a huge gap up, it may make a red candle. The level of 11370-11400 then becomes important support. Go long only if it closes above 11400.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nifty closed at it's Fibo resistance level. 11400 is the level where it can reverse. Go long only if it opens above 11400 and stays there. If it's a huge gap up, it may make a red candle. The level of 11370-11400 then becomes important support. Go long only if it closes above 11400.