NIFTY HIGH PROBABILITY LONG
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Today the Indian markets showed very good bullish momentum but it faded towards the end of the session due to mixed global cues and the market formed a symmetric triangle by the end of the session . If the market opens gap up tomorrow then nifty has to face a very crucial resistance at 17772 . If nifty manages to cross this level then we can see good bullish momentum in the market . I had given the same levels for the previous expiry but our trade did not get activated as nifty could not even touch the resistance .
T2 is a very important resistance as well so we need to stay cautious near T2 . Targets can also be booked near T2 if nifty shows weakness near it .
There is no fixed time for when the trade will get activated but I will be updating it on this post .
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
T2 is a very important resistance as well so we need to stay cautious near T2 . Targets can also be booked near T2 if nifty shows weakness near it .
There is no fixed time for when the trade will get activated but I will be updating it on this post .
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
Note
Nifty is near our entry right now , Watch out closely!!
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