Well Nifty maintain strong trending upward movement,buy on dips is now trading strategy also maintain the trailing stop loss for long trade those are holding the long position on nifty.23950 is now support for nifty and resistance will tell by the market as of now. Here are some dates for change in trend 2nd,5th,11th and […]
The Indian benchmark Index Nifty is maintaining strong up trend.Last Friday on 28th June trading session some profit booking seen into the market,current trading strategy will be buy on dips. 23660 and 23400 could be react as a support level according to me or before these price level.
According to me the current trend of nifty is now range bound.The up side range is 22800 and down side range is 21700,trend will change after break those level.If nifty able to break 22800 then trend will shift to uptrend and after break the 21700 it will shift to down trend.
Now Nifty’s major resistance is 22775 and major support is 22460,if nifty able to cross and hold the price above 22775 then I am expecting nifty around 23100.
I think Nifty finally make a mode to change in trend, once again Index could meet the level 21500.If nifty able to maintain below the said level then supply will come into the market other wise again nifty bend the trend around that level. Watch for change in trend for this month around 4th,6th,(9th to […]
