Analysis on Nifty
1, 14690 breakdown opens the door for bears until bullish
2, 14150 swing low I posted to buy when it cross 14270 we got beautiful confirmation at14460 breakout and retest straight away to 14800
3, Now nifty should face the strong resistance to continue its bull run
watch the level 14840-14870 to short if candles shows bearish engulfing in 15 mins time frame otherwise it will touch 14950
4, match marked level with your strategy to take trade. personally I take short position if nifty reach 14950, to book below 14600 otherwise I will enter short position only below 14700
2, 14150 swing low I posted to buy when it cross 14270 we got beautiful confirmation at14460 breakout and retest straight away to 14800
3, Now nifty should face the strong resistance to continue its bull run
watch the level 14840-14870 to short if candles shows bearish engulfing in 15 mins time frame otherwise it will touch 14950
4, match marked level with your strategy to take trade. personally I take short position if nifty reach 14950, to book below 14600 otherwise I will enter short position only below 14700
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.