NIfty Trade setup(13.05.2022)
Nifty is very bearish, so dont go for long or buy ce until 16200 not crossed, be patient end wait for the trendline break, go for short if
15738 is crossing, be confirmed its braking down then enter, upper trendline is streched because of the bearish momentum, nifty is trying to touch the terget of 15200, ofcourse its my pont of view.so again i said be double confirmation to go for a long trade, like macd convertion on at least 1hr time frame to be sure that its go upperside,
Also i have marked important suppor and resistance zone on chart, marked on blue line..
15738 is crossing, be confirmed its braking down then enter, upper trendline is streched because of the bearish momentum, nifty is trying to touch the terget of 15200, ofcourse its my pont of view.so again i said be double confirmation to go for a long trade, like macd convertion on at least 1hr time frame to be sure that its go upperside,
Also i have marked important suppor and resistance zone on chart, marked on blue line..
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