Bullish Setup Formed in Nifty.
A positive Bullish Divergence also Can be spotted.
One can go long if gets opportunity to enter at 17160-17200.
with a strict SL of 17145.
Strong resistance 17385-17430 range.
If nifty Manages to close above 17450 we may see nifty touching 18000 levels again.
GLOBAL CUES -POSITIVE
OPTION CHAIN WEEKLY& MONTHLY SUPPORTING CURRENT UPMOVE TREND.
17000 Strong Put writing, Strong support for this week.
A positive Bullish Divergence also Can be spotted.
One can go long if gets opportunity to enter at 17160-17200.
with a strict SL of 17145.
Strong resistance 17385-17430 range.
If nifty Manages to close above 17450 we may see nifty touching 18000 levels again.
GLOBAL CUES -POSITIVE
OPTION CHAIN WEEKLY& MONTHLY SUPPORTING CURRENT UPMOVE TREND.
17000 Strong Put writing, Strong support for this week.
Comment:
NIFTY AT CRITICAL LEVEL FOR INTRADAY 17,385 -17,400 IF IT DOESNT CLOSE ABOVE 17430 NOW WE MAY SEE PROFIT BOOKING TILL 17300.
Trade closed: target reached:
INTRADAY SHORT 17301 HIT AS SAD EARLIER
Trade active