Nifty view is BEARISH for this week
There are strong multiple resistances out there in Nifty on the higher side, only if Nifty trades above 18190-18200 we can expect good move on the up side. Until it is BEARISH.
My view for Monday is, incase of Gap up open and any rejection around 18150 supply zone, I will go Short for Target 18063/18020
I'm NOT SEBI Registered analyst. Do your own study before taking entries.
Demand and Supply Zones - When price breaks the zone opposite side, Demand zone will become Resistance and Supply zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
There are strong multiple resistances out there in Nifty on the higher side, only if Nifty trades above 18190-18200 we can expect good move on the up side. Until it is BEARISH.
My view for Monday is, incase of Gap up open and any rejection around 18150 supply zone, I will go Short for Target 18063/18020
I'm NOT SEBI Registered analyst. Do your own study before taking entries.
Demand and Supply Zones - When price breaks the zone opposite side, Demand zone will become Resistance and Supply zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
