NIFTY 50 TECHNICAL VIEW
Nifty 50 looks like trapped in range between 11100-11400, As we saw their is profit booking in nifty in each high and strong rally in mid-small cap.
tomorrow if nifty open in gap down or break the support of 11360 than we can see further fall in nifty to 11200 (i.e. a support of 20aug)
and for upside move nifty must have to break the resistance of 11420 and i.e the friday high.
NOTICE: As we notice from last 3 trading sessions whatever nifty open gapup or gapdown its never crosses day high in all last 3 trading session.tomorrow bullish on nifty only when it crosses day high.
IF nifty open in gapdown and didn't cross day high their is very much chances for PUT or CALL Writing.
Disclaimer:- Do your own Research before investing, tarde on your own risk..
happy trading people............
tomorrow if nifty open in gap down or break the support of 11360 than we can see further fall in nifty to 11200 (i.e. a support of 20aug)
and for upside move nifty must have to break the resistance of 11420 and i.e the friday high.
NOTICE: As we notice from last 3 trading sessions whatever nifty open gapup or gapdown its never crosses day high in all last 3 trading session.tomorrow bullish on nifty only when it crosses day high.
IF nifty open in gapdown and didn't cross day high their is very much chances for PUT or CALL Writing.
Disclaimer:- Do your own Research before investing, tarde on your own risk..
happy trading people............
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