#NIFTY
Gave a nice breakout from downward channel.
Breakout was retested@1492 and rally continued.
Now NIFTY has broken major hourly resistance at 15120-15135.
It can retest it and if gives green confirmation it can go to 15250-15300-15450.
Global cues will effect index and in case of Big gap up or gap down, need to wait for a trade patiently.
***DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE***
Gave a nice breakout from downward channel.
Breakout was retested@1492 and rally continued.
Now NIFTY has broken major hourly resistance at 15120-15135.
It can retest it and if gives green confirmation it can go to 15250-15300-15450.
Global cues will effect index and in case of Big gap up or gap down, need to wait for a trade patiently.
***DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE***
Comment:
If at any gap down it sustains above 15115 for more than 1 Hr, then long can be initiated.