NIFTY 50 future TRENDS-Part 2

trdstudent

Well-Known Member
most of the time gap up or down day's are like this only..day traders may not get a chance to trade 10 points range 5327..5337 may be final 30 40 minutes may give some momentum..
watch closing if it its above 5335 medium term trend change to positive
Yes, these days are only for positionals .But 5345/47 is a resistence if am not wrong. Do u think this gap up can push nifty to 5360/5400 level ? Am not trading , just for knwldg :)
 

SEVEN STAR

Well-Known Member
Yes, these days are only for positionals .But 5345/47 is a resistence if am not wrong. Do u think this gap up can push nifty to 5360/5400 level ? Am not trading , just for knwldg :)
After 10 trading sessions of down move one huge gap up 100+ points
we have to wait for fallow up buying.
As per retracement levels 5360 is crucial and then 5392.
on Monday i expect spot nifty try to move towards final target 5392(50 points from today's close) is the final 78.6% (from recent high low levels)

Possiblity 1. can break 5390 level and can hit 5500
.............2. may trade in the range of 5200-5400
.............3. breaks recent low 5217 can re-test 5050
 

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