Nifty Hits Our 26250 Target — Now Time to Observe
NIFTY has been moving exactly the way we planned.
The target we marked — 26250 — got achieved today.
I’m more than satisfied trading this entire 300-point move in the index, especially when swing setups weren’t matching my environment.
Nifty still isn’t too stretched to say a proper pullback is here, but a small squat can’t be ruled out.
My indicator is already showing “BP” — meaning weekly traders may start profit booking.
I want to see if that reflects on the daily chart the same way it showed up on the hourly.
So tomorrow I won’t trade aggressively. I’ll just observe and prepare for next week’s structure.
Here are the levels for tomorrow:
Support: 26132
Resistance: 26250 — above this, the next move can push towards 26303
Market breadth has dropped, so I won’t be focusing on stock picking for now.
My eyes will stay on the index and a few large-cap FnO setups only.
That will be all for the day.
Take care. Have a profitable tomorrow.
NIFTY has been moving exactly the way we planned.The target we marked — 26250 — got achieved today.
I’m more than satisfied trading this entire 300-point move in the index, especially when swing setups weren’t matching my environment.
Nifty still isn’t too stretched to say a proper pullback is here, but a small squat can’t be ruled out.
My indicator is already showing “BP” — meaning weekly traders may start profit booking.
I want to see if that reflects on the daily chart the same way it showed up on the hourly.
So tomorrow I won’t trade aggressively. I’ll just observe and prepare for next week’s structure.
Here are the levels for tomorrow:
Support: 26132
Resistance: 26250 — above this, the next move can push towards 26303
Market breadth has dropped, so I won’t be focusing on stock picking for now.
My eyes will stay on the index and a few large-cap FnO setups only.
That will be all for the day.
Take care. Have a profitable tomorrow.
TrendX INC
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TrendX INC
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.