vanathi

Mighty Nifty - Dec Expiry

vanathi Mod Updated   
NSE:NIFTY   Nifty 50 Index
Price moved slowly, steadily and made All Time High 21654 today. Will it make new record once again?
Price is at the trend line support right now. As long as it remains unbroken, price has the chance to make history.
Pattern : Trend line support.
Range : Medium.
Trend strength : Normal.
Buy Above : 21680.
Stop Loss : 21640.
Targets : 21720, 21760, 21800 and 21820.
Trend line will be a strong support zone. Remember that when shorting near to that level.
Sell below : 21580.
Stop Loss : 21620.
Targets : 21540, 21500, 21460 and 21420.

Expected expiry day range is 21550 to 21750.

Check the live market updates.

Hit the like button to Rock !! Show some energy !!

Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
All Time High.
Comment:
T3 done with choppy moves.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.