Nifty - Weekly Review May 11 to May 16

714
We had a gap down and consolidation move on Friday. Consolidation has formed a descending triangle. 24000 is an important support zone and the price is sustaining above it so far.
Buy above 24120 with the stop loss of 24070 for the targets 24160, 24220, 24300, 24380, 24420 and 24480.
Sell below 23960 with the stop loss of 24000 for the targets 23920, 23880, 23820, 34780 and 23720.
23950 to 24100 is a slow moving zone where bulls and bears will fight to hold 24000.
Always do your own analysis before taking any trade.
Note
24600 - 24620 zone should hold to move up further. snapshot
Note
The big move. snapshot

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