vanathi

Mighty Nifty - Long(Feb 10)

Long
NSE:NIFTY   Nifty 50 Index
228 views
9
Nifty did not break its support 8715 yesterday(Feb 9th) indicating it is still bullish . Nifty is long with targets 8800, 8825, 8860 and 8880 with stoploss 8715. Always use trailing stop to protect your profit.
Trade active
Trade closed: target reached: Closed at target 1 8800
Comment: Nifty unable to cross the resistance in 8820 - 8825 level. I expect a small retracement or sideway movement for few days.
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Comments

Price is making higher high and RSI is showing lower high forming negative divergence. Will nifty go down ?
Reply
vanathi NiftyBNifty
@NiftyBNifty, Nifty needs more bullish power to break the resistance. So I expect a small retracement.
Reply
Nice one Vanathi i also feel it will go high and touch the level of 9000 rs and this i will feel that nifty will touch 9500 level.
Reply
vanathi Ganesh89
@Ganesh89, For sure nifty will reach 9000.
Reply
Fully agree with you. specially for the loving 8715 support.
Reply
vanathi padiyara
@padiyara, I strongly believe 8715 is strong support. Thank you for sharing your view :)
Reply
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