The Market is almost completing the run above levels can be achieved if crosses closing high .I am not shorting the nifty yet till it breaks the support . The support is 15000 and resistance is 15465 , 15600 and 15850
Thanks
Hi ,
Nifty has given a flag formation of a downward sloping channel break out above 14880 zone . Today closed above the breakout if it closes above the break out level tomorrow then we are heading for a 15250 targets and eventual continuation targets of 15450 .........
Happy Trading !
Stay Safe ##
Although the trend shows bearish signal but we have to keep in mind that nifty is at the lower end of the Gann Square of 9# .............
I will but the dip till the nifty holds above 14221 on closing basis . Will turn bearish for 13750/- if closes below the said levels .
Keep life simple as simple things work in trading .
Best of Luck!
Nifty has broken long term range shift trend line .
To my understanding 13690 should be the next support after 14000 is broken As market is now under lower top and lower bottom phase .
Thanks
