Nifty spot chart is in overbought zone
Market is consolidating to create space for next move
Before market open identify fake level using my strategy
Nifty has technical upside space till 25400
Fake profit booking levels are 25174 and 25127
Nifty may open flat near 25255
Initial hour may see sustain attempt above 25290
If Nifty sustains above 25287 with volume short covering may start
Upside short covering target is 25348
If Nifty fails to sustain above 25203 downside pressure may build
Downside levels to watch are 25174 and 25132
Expect sideways and range bound price movement today
Volume confirmation is must for any breakout or breakdown
Intraday remains neutral to mildly bullish above 25287(important)
Avoid emotional trading during consolidation(super most important)
Market is consolidating to create space for next move
Before market open identify fake level using my strategy
Nifty has technical upside space till 25400
Fake profit booking levels are 25174 and 25127
Nifty may open flat near 25255
Initial hour may see sustain attempt above 25290
If Nifty sustains above 25287 with volume short covering may start
Upside short covering target is 25348
If Nifty fails to sustain above 25203 downside pressure may build
Downside levels to watch are 25174 and 25132
Expect sideways and range bound price movement today
Volume confirmation is must for any breakout or breakdown
Intraday remains neutral to mildly bullish above 25287(important)
Avoid emotional trading during consolidation(super most important)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.