Nifty 50 IndexLong
Nifty bounce on the cards
Nifty closed the session today almost resting on 200 SMA on daily chart.
This also happens to be long term resistance level that should turn into a strong support.
Long initiated at this level, ~ 10170, should target 10450 for short term trade with SL 10065.
This is not trend reversal at this point. Just a quick bounce.
This also happens to be long term resistance level that should turn into a strong support.
Long initiated at this level, ~ 10170, should target 10450 for short term trade with SL 10065.
This is not trend reversal at this point. Just a quick bounce.
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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.