Nifty 50 IndexShort
Nifty: Will history repeat itself...???
Updated
Nifty
CMP 10679.50
- Nifty has been trading in up trend channel
- trend line resistance comes around 10730 levels
- even in this channel, Nifty has formed a pattern and we have highlighted striking resemblance of trade pattern re-emerging
- if history is to be repeated then there is a strong case of Nifty testing red support zone highlighted in coming days
One may consider selling Nifty in 2 parts:-
if we see rejection at current levels itself
& / or
on further rise towards 10720-10740 levels
Target 10430-10500
Take care & safe trading...!!!
CMP 10679.50
- Nifty has been trading in up trend channel
- trend line resistance comes around 10730 levels
- even in this channel, Nifty has formed a pattern and we have highlighted striking resemblance of trade pattern re-emerging
- if history is to be repeated then there is a strong case of Nifty testing red support zone highlighted in coming days
One may consider selling Nifty in 2 parts:-
if we see rejection at current levels itself
& / or
on further rise towards 10720-10740 levels
Target 10430-10500
Take care & safe trading...!!!
Note
Wowie... what a fall...Consider booking partial profits...
Trade active
Nifty has recovered from the lows for the day and Still 15 mins to go.. Good that we booked some profits.
A close here and Nifty will be forming a dragon fly doji candle for the day ...
Also Nifty trend line resistance is at 10730 levels
Monday could be an interesting day...
Plan your trade accordingly...!!!
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