Prob 1: Nifty Gaps down and test green line at 12159 or 12147 .If supported , bounces back. If support lost, make a new low.
Prob 2: Continue the uptrend and get resisted at either Green line 12268 and Red line 12282 and then fall. ( Resisted)
Prob 3: Continue the uptrend and go past these above 2 lines and make a new high.( Resistance fails).
Please remember Nifty can do something different also apart from the above 3 probs
If you want to know how to trade these levels , t.me @nsraman4
Prob 2: Continue the uptrend and get resisted at either Green line 12268 and Red line 12282 and then fall. ( Resisted)
Prob 3: Continue the uptrend and go past these above 2 lines and make a new high.( Resistance fails).
Please remember Nifty can do something different also apart from the above 3 probs
If you want to know how to trade these levels , t.me @nsraman4
Comment:
as told prob1 did not happen. Prob 2 is under play now. The shorts get triggered once 2 conditions are satisfied 1) Nifty closes below peak LTL. and HTL breaches /closes below peak LTL. Guys who want real time access and trade t.me.