Weekly target hit on Monday, so how to trade expiry?
Hey guys!
Our weekly target of 16696 was hit on Monday itself due to a gap down and fall in nifty.
Yesterday and today, the markets have recovered and started the move from swing low to swing high. Therefore, the expectation tomorrow is bullish with a target of 17024 and 17170 after which nifty has the decide the direction.
However, the trenline is important and if it is broken, it can lead to a huge fall again.
Expecting a Gap up opening tomorrow and if Nifty opens in the channel shown in chart, it may consolidate after touching 17170 for a while. Break out from that channel is important and decisions can be taken based on that.
Please comment your views and ideas 💡 🙏. Thankyou!!
*for educational purposes only*
Our weekly target of 16696 was hit on Monday itself due to a gap down and fall in nifty.
Yesterday and today, the markets have recovered and started the move from swing low to swing high. Therefore, the expectation tomorrow is bullish with a target of 17024 and 17170 after which nifty has the decide the direction.
However, the trenline is important and if it is broken, it can lead to a huge fall again.
Expecting a Gap up opening tomorrow and if Nifty opens in the channel shown in chart, it may consolidate after touching 17170 for a while. Break out from that channel is important and decisions can be taken based on that.
Please comment your views and ideas 💡 🙏. Thankyou!!
*for educational purposes only*
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