FOR LIVE TRADING TIPS IN OPTION CALL PUT STOCK FUTURE NIFTY FUTURE STOCK CASH JOIN US ON WHATSAPP 9039542248 ✆☎☏📱
After a volatile session, Nifty formed a hanging man sort of candle pattern on the daily chart. Strong strength has been seen in Nifty from lower levels, which suggest bulls managed to grab the opportunity from lower levels. Going forward, immediate base is coming near 15750-15700 zone. Any dip near the said levels will be a buying opportunity for the overall targets of 16000 mark. The immediate hurdle is coming near 15900-16,000 mark; the said levels will be profit booking levels on the higher side.
Technically, the Nifty formed a small-bodied bullish candle on the daily scale with a long lower shadow, indicating declines are being bought into. Now, the index has to hold above 15750 level to witness a rise towards 15950 and 16000 levels while on the downside support exists at 15700 and 15600 levels. The Nifty has respected the 15700 level on a closing basis. Despite the crack in the first hours of trade, it has managed to claw back its losses and has closed well above the lows of the day. 15900-16000 continues to remain the next target for the index and as long as 15700 holds, traders have no reason to be concerned. A buy on dips is a prudent strategy to adopt at these levels of the market.
More
about intraday tips Whatsapp
On 9039542248
Resistance: 15900, 15950, 16000
Support: 15700, 15650, 15600
No comments:
Post a Comment