Nifty Long Short possibilities

Updated

Nifty Long Short possibilities - for my tracking purpose

Note

Good respect shown to drawn TL
Rose to 8670 and took resistance at pink TL Blue channel.
Wave down it had broken support of 8472 and following Blue trend line.
Expecting bounce and testing 8473. If this TL breaks, looking for ~8000 levels.

~8473 Resistance - Long above this
~8000 Support - Short below this

Trade active

Gap up expected and it should touch 8350/75 which will be pink TL resistance.
Above this look for 8475-8500.

If unable to sustain above 8350/75 level, it might come back to test support at 8000.(This is the expected scenario personally)

sriyaz

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