PowerTrades
Long

NIFTY Index Trade set up coming sessions

NSE_EOD:NIFTY   Nifty 50 Index
51 2 1
The Long Trade that has been on since the 8200 levels, now will have hard stops placed at 8200 levels. Strong swing supports continue to remain at 8125 zones. Which was the initial stoploss. Lot or factors point out to the fact that 8330-50 can be potential resistance zone .
This will be the first target. In case we move above it and sustain a fresh trade can be planned to target the 8500 zones.
One the downside in case of a breakdown a contrarian low risk can be initiated below 8200.
Trade closed: target reached: NIFTY futures marked an High of about 8340. Trade closed at 8320. Will wait for a move above 8350 or a breakdown of 8200 and re assess the position.
Thanks for chart ,
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No problem, I was exploring the tool as well, looks nice.
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