NIFTY 50 for Tomorrow 5 Jan 2023
Nifty opens flat at 18230.
As we discussed in the previous post to go up, it should sustain 18230 levels , Though it did not sustain 18230 levels and slipped through the immediate support levels { 18180-18160 } in the very first hour suggesting weakness may continue in the rest of the session, further to the next support levels at 18100 - 18050
Shorts are initiated with a stop at the day's high or midpoint of the first-hour bear candle.
We saw weakness in the next hour and following, where prices tested 18100 - 18050
No bottom phishing at support, because different timeframes are not in alignment.
Resistance at 18100- 18130
Volatility may increase
One can sell aggressively if it slips below 18050-18030, where we could see it moving fast towards 17800 - 17650 levels.
Disclaimer: Trade at your own risk
As we discussed in the previous post to go up, it should sustain 18230 levels , Though it did not sustain 18230 levels and slipped through the immediate support levels { 18180-18160 } in the very first hour suggesting weakness may continue in the rest of the session, further to the next support levels at 18100 - 18050
Shorts are initiated with a stop at the day's high or midpoint of the first-hour bear candle.
We saw weakness in the next hour and following, where prices tested 18100 - 18050
No bottom phishing at support, because different timeframes are not in alignment.
Resistance at 18100- 18130
Volatility may increase
One can sell aggressively if it slips below 18050-18030, where we could see it moving fast towards 17800 - 17650 levels.
Disclaimer: Trade at your own risk
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.