Hello everyone,
1. Nifty was far forming a price action in between a parallel channel, day before yesterday we saw a breakdown of that channel and now nifty is facing a resistance on it. Now when nifty closes above 17216 then only take bullish position for a target of 17350 and 17450. Higher chances ar there that it will fill the gap till 17450, if nifty manages to close above 17216
2. Nifty will be a good short near 17450-480.
3. Nifty below 16980 will be a short today , but try to book ur profits immediately.
4. My suggestion would be to wait for today's closing to make any holding position.
Best of luck. Do follow and give a like.
1. Nifty was far forming a price action in between a parallel channel, day before yesterday we saw a breakdown of that channel and now nifty is facing a resistance on it. Now when nifty closes above 17216 then only take bullish position for a target of 17350 and 17450. Higher chances ar there that it will fill the gap till 17450, if nifty manages to close above 17216
2. Nifty will be a good short near 17450-480.
3. Nifty below 16980 will be a short today , but try to book ur profits immediately.
4. My suggestion would be to wait for today's closing to make any holding position.
Best of luck. Do follow and give a like.
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.
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.