Expected it will open flat today. For today's session possible nifty will trade in between range of 17850 to 17940 level. In case any side of breakout will give strong breakout direction movement. Upside in case nifty gives breakout of 17940 level then there will be new high possible in nifty upto 18030+ level.
Good Morning friends,
Nifty is damn bullish and given an awesome run in upside move since 2 weeks. Momentum and direction both are strong in upside and Index can make a new all-time high in midterm but the Problem is we are the Intraday trader and buy or sell both are our position because of the nature of the Trade so let's talk about today trade. The main...
- i was keep on telling that don't catch the Huge gap up ,move from quantity to quality stocks, stay with low quantity and
Nifty is technically looking week , this is the time to book Your profit before its become too late ( these were key points i was told in last week )
-If nifty Closed below 17950 zone then Nifty may touch 17600 levels and we entering...
As per Nifty Chart, if its sustain above 18062 for some time we may see 18151 as a first level. If unable to sustain at this level we may see 17900 once.
This is for educational purposes only and my personal view. Please check from your end before entering in to trade.
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Today will be gap up opening in NIFTY. Strong upside rally possible in nifty if it is sustain above 17380 level. Upside 17425 will act as an immediate resistance after breakout of this resistance gives 17480+ new high in NIFTY. Strong downside possible once nifty started trading below 17335 level. Downside 17250 is a strong support in NIFTY.
In this 45min chart impulse wave started from 15513 wave (1), (2), (3) and (4) is completed at 15817, 15746, 16702 and 16376 respectively.
from 16376 61% projection of wave (5) is already achieved and it is in extended zone.
After completion of wave (v) started from 17055 nifty can give sharp decline towards 16376.