Nifty Hourly Analysis | December Expiry | 24000
Nifty has shown a resistance near 50% retracement of all time and swing low 24770.
Looks like wave B has completed.
we will observe the Price tomorrow near 24500 or below Yesterday low. Shorts can be initiated on weakness with Protective SL of 24772 and Target of 24150-24060- 23970 in 1-2 Days.
We can see 24k on this expiry.
Looks like wave B has completed.
we will observe the Price tomorrow near 24500 or below Yesterday low. Shorts can be initiated on weakness with Protective SL of 24772 and Target of 24150-24060- 23970 in 1-2 Days.
We can see 24k on this expiry.
Trade active
Nifty weakness resistance in early 1 hour and retracement in intraday gave good short opportunity.
Achieved our target 1 24150 today.
Tomorrow below 24150 i see more weakness to our 2nd target 24060 and temporary intraday strength if goes above 24300 (swing high hourly)
Positionally I will remain short unless stays above 24500
Trade closed: target reached
All targets achieved. 🙏🔥
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