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...!!!
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...!!!
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...!!!
Wowie... what a fall...Consider booking partial profits...