Must Watch { Nifty on crucial levels!!! } for NSE:NIFTY by MrAkshatP

Must Watch { Nifty on crucial levels!!! }

Nifty is in a symmetric channel where there are 3 possibilites...

1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...

2. It May continue sideway move and give upside/downside move after few days

3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...

Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650

Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630

Note: Do your own study before making any position...
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Note

will it give breakout???

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again inside a range

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wait for clear direction

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Short short and only short :D

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positive RSI divergance on the hourly charts of nifty...

Note

do nifty took support over 50 Days EMA?

MrAkshatP

Best Regards,
Akshat Patwa

twitter.com/MrAkshatP
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