NIFTY
Analysis After 12th Dec 2022 Closing.
>After Last day closing my view on nifty is Neutral Basically Until, it close beyond 18500-18350 range in Daily TF.
> If it Close above 18500 then - T1 will be Previous High and T2 will be 78% retracement of All time High Point of Nifty.
>If it Close below 18350 then- I'm expecting that it will retrace downside till 38% of whole impulse move. (because possibly 4th wave for higher cycle).
>Weekly TF - Last week candle was Bearish Piercing, should not be ignore.(Bearish)
Monthly Expiry on 29th December 2022
Trade active:
As per our yesterday's Analysis,
Nifty 50 Successfully close above 18500
My view is now bullish on nifty and bank nifty also looks strong after today's close.
Now tomorrow hold your existence long position with Stop Loss of 18500 till we reach our T1.
Thank You!!
Nifty 50 Successfully close above 18500
My view is now bullish on nifty and bank nifty also looks strong after today's close.
Now tomorrow hold your existence long position with Stop Loss of 18500 till we reach our T1.
Thank You!!
Trade closed: target reached:
T1 Reached!!!
Booked 50% long
or
Hold with Trailing Stopp Loss on 18600 closing bases.
Have Good day!!
Booked 50% long
or
Hold with Trailing Stopp Loss on 18600 closing bases.
Have Good day!!
Comment:
Seems like after today's movement Weekly TF, Bearish Piercing putting pressure and forced this week candle to close in Red. follow up for piercing might expected.