after yesterday fall getting - ve signal thru MACD and RSI on nifty
last three four days market recovered from initial lows on daily and now the 4h charts are not suggesting the same.
to have a clear short call and clear signal have to wait till 17400 -450 levels
last three four days market recovered from initial lows on daily and now the 4h charts are not suggesting the same.
to have a clear short call and clear signal have to wait till 17400 -450 levels
Trade active:
target 17050 SL 17400
Comment:
Dont buy nifty until it shows sign of pull back from buying zone. it may break and test the 16750 lvl. keep trailing sl 17330-340
Comment:
target on short side now extended till 16840 -16850 as now buy zone candle body is broken.
Comment:
close if it touches and comes out of zone
Comment:
Look for supports @ 16800-16770 if these are broken it will go towards 16200 lvl, small supports @ 16400-414 & 16300 area.