Pi_Trading

Nifty Just another view

NSE:NIFTY   Nifty 50 Index
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Post GAP Opening DI+ Crossed DI-
12300 to 13050 levels will act as Supply Zone and we also had huge gap-up move on Thursday expiry and it would act as a critical support and further move down support is at 12040
DI+ Needs to close above 32 level to signal further uptrend provided ADX also is trending upwards.
If ADX line stays below 25 we may see a choppy market in anticipation the union budget.
Comment: Post GAP Opening DI+ Crossed DI-
12300 to 12350 levels will act as Supply Zone and we also had huge gap-up move on Thursday expiry and it would act as a critical support and further move down support is at 12040
DI+ Needs to close above 32 level to signal further uptrend provided ADX also is trending upwards.
If ADX line stays below 25 we may see a choppy market in anticipation the union budget.
Trade closed: stop reached

Comments

Correction : Please read as 12300 to 12050
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