Nifty 50 Index
Updated

Nifty - Expiry Day Analysis Oct 7

1 822
Today, the price moved along with the upper trend line of the channel and is sustaining above 25000. Now price has to break 25100 with bullish strength to move towards 25400.
The hourly chart shows the formation of a rounding bottom.
snapshot
Buy above 25120 with the stop loss of 25070 for the targets 25160, 25200, 25260 and 25300.
Sell below 24960 with the stop loss of 25010 for the targets 24920, 24880, 24820 and 24780.
Expected expiry day range is 24900 to 24250.
Always do your analysis before taking any trade.
Note
Good start so far. snapshot
Trade active
Long.
Trade closed: target reached
T2 done. snapshot

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