subravi

Nifty

subravi Updated   
NSE:NIFTY   Nifty 50 Index
Nifty 18859 - Support at 17740 , resistance at 17885.

Market data suggests Market movers have taken long position for the last3 days. Hence we expect market movers will move Nifty to 18170 to book their positions . Longs could be considered around the support . 17740 will be the trend decider.

Nifty is bearish trend and Nifty final target is 17398..So any shorts could be considered around 18170..
Comment:
Trade entered : Nifty Jan 19 18000 PE @ 150 @09:19
Comment:
Trade exited @149..
Comment:
Trade entered : Nifty Jan 19 18100 PE @ 163 @09:38
Comment:
Nifty @ 18030 - Resistance 18045 and Support 17870
Comment:
We find Nifty Up move is to clear the open position. refer the posting
"Hence we expect market movers will move Nifty to 18170 to book their positions . Longs could be considered around the support . 17740 will be the trend decider.

Nifty is bearish trend and Nifty final target is 17398..So any shorts could be considered around 18170.."
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