Dont Short Nifty Dont go Long in Nifty.

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Only Nifty is Long if it closing above 16624 daily Charts.

Only short Nifty if it closing above 15672 daily Charts.

Other wise Let it dance between these 2 Levels.

Nifty already tested 16400 4 times & if it keep on getting rejection from these level then it may start losing strength .

Dow Jones already 20% less ( Means Bearish Trend ) from itrs recent High. So plz be cautious .

Follow the levels .

Note
SGX Nifty getting same resistance 16380 ( Near 16400 )
Note
See Today it got Reversed from the same resistance zone .
There is also trendline resistance near 16500.
Hope it helped.
Note
Now as we can see Nifty is giving closing above 16624 on daily charts.
All indexes SGX , DowJones , NSDAQ etc looking good.
We can go long in Nifty.
Note
Nifty is trying to Break the Weekley trendline & also trying to retest the Channel .

If give closing on daily charts below 16400 , then become Bearish otherwise Bullish is intact.
Note
Only Nifty is Long if it closing above 16624 daily Charts .
Trade fermée: cible de profit atteinte
I think Nifty is closing below 15728 daily Charts .

Now Nifty is not Long.
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