HEY FOLKS,WE ARE ANALYSING
NIFTY
TODAY
Lets Look AT What's Happening in Market Selling got accelerated when it moves down away from trend line.
And the Next day market got gap up and stabilize whole day and Forms bullish harami pattern
And today gives a up moves As already said 17000 was an important Support level.
So one could take a bullish bias.
But There's Resistance at 17400 level Which could be a turning point. so in order to be conservative only take longs above 17400.
These days Nifty is much stronger than Banknifty so taking longs in nifty has higher probability of hitting the target.
Happy Trading Hope my view is helping you out so don't forget to like and to remain update Please follow us.
NIFTY
TODAY Lets Look AT What's Happening in Market Selling got accelerated when it moves down away from trend line.
And the Next day market got gap up and stabilize whole day and Forms bullish harami pattern
And today gives a up moves As already said 17000 was an important Support level.
So one could take a bullish bias.
But There's Resistance at 17400 level Which could be a turning point. so in order to be conservative only take longs above 17400.
These days Nifty is much stronger than Banknifty so taking longs in nifty has higher probability of hitting the target.
Happy Trading Hope my view is helping you out so don't forget to like and to remain update Please follow us.
