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Saptagirinivasa

Nifty at Critical Zone on Daily Chart

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
Saptagirinivasa  
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
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Red Trend line - Strong Resistance on Daily Chart
Green Trend line - Strong Support on Daily Chart

Trade Idea - Momentum trading. Expect price action when any of the trendline is breached.
Plot the trend line on Nifty Future Daily Chart.
Monitor Nifty Future chart on 1 min and 5 min time frame when the price is near to any of the trend line.

Bullish Trade - If price breaches Red Trendline on upside
Bearish Trade - If price breaches Green Trendline on downside

Stop loss - Trendline itself.

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