NSEIX:NIFTY1! as mentioned in previous post, nifty future is pushung for 19500 level with a retest on 19385 zone, in process we can see a wedge pattern has formed at important area of interest, keep checking the wedge movement with respect to the zones marked. if we see a selling/profit booking at 19500 level, market may inch towards 19200 zone. upside target can be upto 19680 zone if sustains above 19550.
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short nifty below 19350 for 19200 zone , closin below 19350 will confirm breakdown of the wedge pattern
Trade active
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future breaks the wedge as indian indices gives closing at the previous week high mark , which can be the triggrt for fall as it was the point for the previous fall and can act as a sell zone to push market below if future breaks below 19350 level.
if nifty fututre manages to re-enter the wedge and in process of doing so, it breaks above 19535 mark, then we might se 19660/700 level on next session.
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nifty future hits 19850 mark after breaking above 19535 and crossing 19700 zone as well, sexy sexy sexy
future finally breaks above 19535 and heading towards 19600 zone .
ajinkyadiwakar717
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the bounce back from 19360 is strong, market 2ont break untill that support stays strong, 19536 break needed for upside and 19360 break needed for downside. keep watch on both the levels
ajinkyadiwakar717
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the wedge pattern holding nifty future beautifully and precisely, watch if it breaks and we get to see selling pressure till 19200.