Indice NIFTY 50
Long

Mighty Nifty - Oct 3

2 268
Price was consolidating in a range on monday. This consolidation can lead to rounding bottom pattern mostly if it sustains the current level.
Pattern : Support/Resistance.
Range : Good.
Trend strength : Normal.
Buy Above : 25820.
Stop Loss : 25780.
Targets : 25860, 25900, 25940 and 25980.

Sell below : 25740.
Stop Loss : 25780.
Targets : 25700, 25660, 25620 and 25590.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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Note
25590 - 25620 is another trend deciding zone. If price is bearish below that, then we can expect 25556, 25530 and 25502.
Note
25502 done. 25k is a strong support.

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