NIFTY- Immediate Areas and Trade Plan
Updated
NIFTY has immediate trend decider at 11490F for a bearish or a range bound view after the late breakdown on friday. Continuing to trade longer below the 11550 areas we will look for more bearish inflections.
Immediate swing hurdle lies at 11530-550F areas.
1. Downside potential targets are are 11450 ( Friday Low ) and 11550
2. Hold above 11530 can see a pull back to 11600 areas
Immediate swing hurdle lies at 11530-550F areas.
1. Downside potential targets are are 11450 ( Friday Low ) and 11550
2. Hold above 11530 can see a pull back to 11600 areas
Trade closed: target reached
The shorts in pullback scenarios played out as neatly as it could. excellent day based on the plan
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