On a larger TF NIFTY is doing ED from 9951 and if one hrly candle closes above Friday's high, it's either going for 11490/11540/116XX (B of D of ED) or ATH (E of ED) .
As long as a day doesn't close below 11100, I'd prefer to stay bullish.
As long as a day doesn't close below 11100, I'd prefer to stay bullish.
Trade closed: target reached:
All targets reached if it's B of D of ED5.
ATH coming if it's A of E of ED5.
In both cases, a dip is expected, which might convert into a fall depending upon which of the two alternatives is at play.
Sustaining below 11590, gate might open for 11410-380. Below 11100, 103xx/2xx might be final stop..
11590-11690 tagda resistance zone, above that direct ATH..
ATH coming if it's A of E of ED5.
In both cases, a dip is expected, which might convert into a fall depending upon which of the two alternatives is at play.
Sustaining below 11590, gate might open for 11410-380. Below 11100, 103xx/2xx might be final stop..
11590-11690 tagda resistance zone, above that direct ATH..