22425-22475 will act as a RESISTANCE now..?

22 apr

As we can see NIFTY though opened strong but fell through eventually it recovered and has formed more like a hammer candlestick pattern showing the dominance of buyers hence till NIFTY maintains itself inside the zone, every dip is an buying opportunity. Now we can expect NIFTY to reject at given levels as this level had been an median between the channel and hence till NIFTY is expected to reject at given level so plan your trades accordingly.