Nifty shows a potential upside for tomorrow session. A perfect W bottom with clear diversion on TDI. The diversion is strong as the first leg of the diversion is outside the Bollinger band followed by the second inside leg. If it breaks the trend line we can expect the 61.8% levels tomorrow.
Comment
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Important zone perfectly respected as Nifty50 reversed just from the resistance. Will have to watch out for the fresh levels in the next trading session
Trade closed: target reached
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From 14460 to 14630. 150+ points. As expected a perfect breakout and near target. Safe traders can book. Others book 70% position and hold for 14676 levels with a revised stoploss below 14550. Even if stoploss triggers now you will be getting 100+ points.