Nifty | Pre-Market | Dec 2024 | Week-1
Nifty closed the previous week with some Bullishness breaking out from the trend line resistance forming since 27 Sep 2024.
Last weeks candle was a Pin bar with some Selling pressure from the top. This is not a purely Bullish sentiment indication.
Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 24,800 level.
For the upcoming week, for now, Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot.
Long View ~ Above 24,366 for a target till 24,700 or thereabouts.
Short View ~ Below 23,882 for a target till 23,420 or thereabouts.
No trade view for any level in between.
Last weeks candle was a Pin bar with some Selling pressure from the top. This is not a purely Bullish sentiment indication.
Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 24,800 level.
For the upcoming week, for now, Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot.
Long View ~ Above 24,366 for a target till 24,700 or thereabouts.
Short View ~ Below 23,882 for a target till 23,420 or thereabouts.
No trade view for any level in between.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.