NIFTY BULLISH CHANNEL TO BE TESTED TODAY

Jun 18, 2020

NIFTY INDEX TREND SETUP
-there is a bullish channel on a 30-min chart on nifty index
-which might be breached in the opening
-important thing is nifty is having support at 9720-9750
-that is the area from where we have seen strong bounce back
-it remains to be seen if nifty bounces back from this levels or not
-we have expiry today break i doubt that we might break below 9750 on closing basis


NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-market might again range between 9720-9950
-wait for a range break

NIFTY RESISTANCE FOR THE DAY
9880-9925-9960-9999
NIFTY SUPPORT FOR THE DAY
9750-9720-9680-9550

Jun 18, 2020

Note

WE NEED A CLOSE ABOVE 9975 ON 30-MIN CHART TO SEE SOME SHORT-COVERING
IF NIFTY SUCCEEDS TO DO THAT
NEXT LEVELS TO BE TESTED :-10030-10090-10120-10160

Jun 18, 2020

Trade closed: target reached

1ST TARGET ACHIEVED 0F 10030

Jun 19, 2020

Trade closed: target reached

SECOND TARGET HIT

Jun 19, 2020

Note

3RD TARGET HIT

Jun 19, 2020

Trade active

FRESH TRADE WAS GIVEN IN THE TELGRAM GROUP