Nifty is moving in very narrow range.And some bearish view is today it closed below day high ema.Nearest up side resistances are at 5899-5905-5920-5943.
And nearest down side supports are at 5867-5855-5794.
All are Chanel support and resistances.
If Tomorrow NF open flat, then can try to go up side.If it can cross above 5900 again, then can go towards 5920.
And from 5900-5920 is a good range for short with a strict stop loss of 5943.
Expecting from Tomorrow from any up side level NF can start fall.
Down side target expecting --- 5806-5794.
Lets see....
All levels and charts are for my own trading purpose, targets, supports and resistances. Others can use it for educational purpose.
Hello Sir,
ReplyDeleteI was not in town last 2 days I check today and met your target. Should I buy on this lvl or it will temp bounce back. Pl advice.
Dear Operator,
ReplyDeleteAs of now its looks like temp bounce back.
plse wait for my new post.
Thx Sir, I just keep in mind for short S/l is 5943 is it correct. and will cover @ 5665.
ReplyDeleteOperator,,
ReplyDelete5943 is the extreme SL,Though market will fall definitly towards below 5000 level, but the question is, is the fall started already or can go towards 6175 after that fall will start, its not clear as of now.
And if fall started, then also, it will not fall continuously, some up side then again fall, it will be like this.