- Nifty has defended the lower trend line of price channel existed since 2015 with a bang
- It seems 11000 is the low set for 2019 and should not be broken
- If same momentum continues then target for Apr is 12900 i.e upper trend line of price channel
- Trend for Apr is UP till on daily basis it closes below 11300, till then shorts shouldn't be taken
- New long should be taken if it trade above 11630 at 10:15 on 1st Apr, SL for this position should be 11580
- It seems 11000 is the low set for 2019 and should not be broken
- If same momentum continues then target for Apr is 12900 i.e upper trend line of price channel
- Trend for Apr is UP till on daily basis it closes below 11300, till then shorts shouldn't be taken
- New long should be taken if it trade above 11630 at 10:15 on 1st Apr, SL for this position should be 11580
Trade active
Trade Active, if hourly candle closes below 11580 then low of that candle will be exit point and will take the short trade thereTrade active
Current position short .. SL 11725 (cash)Trade active
SL revised to 11661 (cash), will reverse the trade at this pointTrade active
Now long on nifty with SL of 11558
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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.