Friday we had seen very good movement in nifty. Most people thought price has reversed, but nifty moved up though it did not get support from bank nifty. Thats why its Mighty :)
How this week's move will be? What will happen next?
If the opening is flat, buy above 17380 with the stop loss of 17340 for the targets 17420, 17460 and 17500. Sell below 17320 with the stop loss of 17360 for the targets 17280 and 17240.
If we have a gap up opening, remember 17480 - 17520 is resistance and price have to sustain above it to continue to move up. Also it should have to gain volume strength, otherwise price will reverse.
I am not ready, but I am well prepared. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
How this week's move will be? What will happen next?
If the opening is flat, buy above 17380 with the stop loss of 17340 for the targets 17420, 17460 and 17500. Sell below 17320 with the stop loss of 17360 for the targets 17280 and 17240.
If we have a gap up opening, remember 17480 - 17520 is resistance and price have to sustain above it to continue to move up. Also it should have to gain volume strength, otherwise price will reverse.
I am not ready, but I am well prepared. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
הערה:
Weak - mild bullish.
הערה:
Less movement.
