Nifty Trend outlook

Updated

Nifty 22402 - Is trading in bearish ascending wedge pattern. Resistance at 22520 and support at 22395. OI data has decreased from 1.21cr to 92 Lacs suggests retail short sellers exiting. Max pain is around 22475.

Note

Live Resistance around 22435.

Note

trade entered - nifty may 2nd 22500pe @ 149 at 10:13 @ 22438

Note

trad closed " nifty 22500 pe @187 @22357 at 10:57

Note

snapshot

Trade active

trade entered - nifty may 2nd 22450pe @ 147 at 12:53@ 22406

Trade closed: stop reached

Stop Hit. Exited at 107

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