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NIFTY DAILY VIEW -

NSE:NIFTY   Nifty 50 Index
NIFTY HAS BOUNCED FROM THE TREND LINE " Y ".
NIFTY ALSO FORMED " HAMMER " PREVIOUS WEEK.

1. TREND LINE "X" AND "Z" WILL ACT AS RESISTANCE.

2. NIFTY IS APPROACHING A STRONG RESISTANCE ZONE ( 11069.65 - 11181.45 )

NOTE 1: WHEN EVER NIFTY HAS CLOSED ABOVE THE ZONE (11181.45), IT HAS EASILY MOVED UP TILL 11341.70.
NOTE 2: WHEN EVER NIFTY HAS ENTERED THE ZONE AND CLOSED BELOW THE ZONE (11069.65). NIFTY HAS RETRACED MINIMUM UP TO 10925.60

THOSE WHO ARE LONG - BE TRAILING YOUR STOPS. AND WATCH OUT FOR THE ZONE.

THOSE WHO HAVE NOT TAKEN ANY POSITION YET, WAIT AND SEE HOW THE PRICE REACTS AFTER IT ENTERS THE ZONE AND TAKE THE POSITION BASED ON THAT.

Comment: Entered the zone and dropped down 54 points till now
Comment: Made low 10964.95 today, 12 september.
It may test 10925.60

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