Current Price - 11559- 12:10 Hrs / 27th Jan 2020
Trading Strategy / Plan -
Safe Traders -
Kindly trade only between 11550-11565 zone - Trades to be closed if goes below 11550 &
They can hold with strict stops below 11535
Target 1 - 11650
Target 2 -...
Key Levels for NIFTY50 Search >>> OPTIONSCALLFREE on Telegram for more updates
Please trade with caution and consult your financial adviser before trading.
Nifty has now reached a crucial support zone of (11,600-11,700). This 100point zone previously did act as a strong source of both resistance and support. So a lot of important price-related decision making has happened at this juncture of price. A look at the chart and we can see that prices did test this horizontal support band where in we also notice a...
The last hour recovery has revived some hopes of a short covering rally at least.
It is a long wick hammer candlestick pattern on both nifty and bank nifty, on an EMA on RSI system, there is a mild Buy or consolidation signal on two hour charts.
Markets are oversold, some support from global markets can initiate a 100-150 points rally on Nifty anytime.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.