bijoy2526

NIFTY struggling at the resistance line

Long
NSE:NIFTY   Nifty 50 Index
with dragging banking index nifty could not get enough boost.
but closes above the trend line .
with further downfall of banking index it will be tough for nifty to cross the resistance line.
how ever fall of banking index may stall.
it seems it has been a good strategy to trade around that resistance line.
if gap down target resistance line was working well.
and if opens around that resistance line selling for lower target also was working well.
further movement of nifty may take place with in one to two days either way up or down.
supports are shown and target 1 has been shown. will update target 2 soon.
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