Is Nifty setting up for 13240 odd levels
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Nifty 12771
- Nifty had a 166 point drop today
- as of now it does not look like the end of bull ride but just a pause....
- chart set up still suggests that it has unfinished business & has doors open for a move towards 13240 odd levels in short term
- minor resistance at 12830-12874 levels
- support at 12630-12572 odd levels
- pattern gets invalidated if weekly close is below 12430 odd levels
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- Nifty had a 166 point drop today
- as of now it does not look like the end of bull ride but just a pause....
- chart set up still suggests that it has unfinished business & has doors open for a move towards 13240 odd levels in short term
- minor resistance at 12830-12874 levels
- support at 12630-12572 odd levels
- pattern gets invalidated if weekly close is below 12430 odd levels
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Note
Notice the zone of 12830-12874
How it acted as minor resistance intra day and then later the same zone provided support.... Levels working to perfection...
Enjoy
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