Nifty gets a pullback...what's next...???

Nifty 50 IndexNSE

Description

⋅ Dec 7, 2017 4:38 AM

Nifty has got a pullback but does it have the strength to go past the gap...???

Going Below 10080 will suggest no follow up buying...

Going above 10130 may trigger little further short covering...

Trade closed: target reached

⋅ Dec 7, 2017 9:59 AM

How the day went by...

In morning trade Nifty made a high of 10128.05 respecting the level of 10130...
It did not go below 10080 rather took support exactly at the gap zone

& Once 10130 got taken, on expected lines, we have seen a rally extension towards 10182...

Hope the chart & analysis helped in your trade plan...!!!

Trend Analysis trendcontinuation