Long Opportunity -
Nifty is collecting strength to show long bullish moves. There is two Major Resistance level for Nifty 50. If in the first session it breaks 16550 level then it may show the level of Rs. 16758.25, which will be our 1st target. After that, if the Nifty 50 crosses the level of Rs. 16822.70 (It will move better if the nifty consolidate between that range - 16758.25-16822.70) then it may show the level of Rs. 17225.70. We can go for a long on Friday.
Nifty is collecting strength to show long bullish moves. There is two Major Resistance level for Nifty 50. If in the first session it breaks 16550 level then it may show the level of Rs. 16758.25, which will be our 1st target. After that, if the Nifty 50 crosses the level of Rs. 16822.70 (It will move better if the nifty consolidate between that range - 16758.25-16822.70) then it may show the level of Rs. 17225.70. We can go for a long on Friday.