AS we discussed yesterday Our important Resistance (11500/11600) and Support(11400/11300) still intact.
IN today market nifty Open higher but traded flat for whole day and closed below the day high and our Resistance (11500). Currently 11500 still Consider as a immediate resistance for nifty.
As per the Last 5days trading sessions its looks like nifty moving in Between 2 parallel upside trendline having continues support on lower trendline from here upside move in nifty is very much possible.
For Tomorrow 11420 act as a huge support for nifty and today also nifty successfully hold 11420,
Be Bullish if nifty open in GAPUP above the 11460 go LONG with stoploss of 11420 target 11600
NOTE:- THIS IS MONTHLY EXPIRY WEEK FOR BOTH INDEX AND STOCK. SO, VOLATILITY IS NORMAL.
Disclaimer:- Do your own research before investing, Trade on your own risk
IN today market nifty Open higher but traded flat for whole day and closed below the day high and our Resistance (11500). Currently 11500 still Consider as a immediate resistance for nifty.
As per the Last 5days trading sessions its looks like nifty moving in Between 2 parallel upside trendline having continues support on lower trendline from here upside move in nifty is very much possible.
For Tomorrow 11420 act as a huge support for nifty and today also nifty successfully hold 11420,
Be Bullish if nifty open in GAPUP above the 11460 go LONG with stoploss of 11420 target 11600
NOTE:- THIS IS MONTHLY EXPIRY WEEK FOR BOTH INDEX AND STOCK. SO, VOLATILITY IS NORMAL.
Disclaimer:- Do your own research before investing, Trade on your own risk