Nifty 50 IndexUpdated signal on nifty -ve?
after yesterday fall getting - ve signal thru MACD and RSI on nifty
last three four days market recovered from initial lows on daily and now the 4h charts are not suggesting the same.
to have a clear short call and clear signal have to wait till 17400 -450 levels
last three four days market recovered from initial lows on daily and now the 4h charts are not suggesting the same.
to have a clear short call and clear signal have to wait till 17400 -450 levels
Trade active
target 17050 SL 17400Note
Dont buy nifty until it shows sign of pull back from buying zone. it may break and test the 16750 lvl. keep trailing sl 17330-340Note
target on short side now extended till 16840 -16850 as now buy zone candle body is broken.Note
close if it touches and comes out of zoneNote
Look for supports @ 16800-16770 if these are broken it will go towards 16200 lvl, small supports @ 16400-414 & 16300 area.
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