this_is_shoaib

Nifty 3rd November Setup (Bullish Flag)

NSE:NIFTY   Nifty 50 Index
Nifty followed our previous analysis perfectly and we made really handsome profits in CE.
Nifty was in a narrow trading range today.

Now Nifty has a resistance near 18000-18050 levels and has shown rejection quite few times.
Nifty has an immidiate support near 17880-17850 and have taken support there.

I can see a bullish flag pattern in making and if it breaks above it then the targets are mentioned in the chart above.

For 3rd November
Buy Above - 17950
Sell Below - 17870


Blue lines are a No-Trading Zone for me

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