Nifty 50 Futures Analysis in Daily timeframe

Nifty 50 Futures Analysis in Daily timeframe

1. TREND - SIDEWAYS - 16400 - 18600.

2. Nifty made 4 failed attempts to sustain below 16850, shows strong buying coming from below 16850 till 16400.
Expect same to continue, that is buying to come from 16400 - 16850 zone.

3. BUY - If breaks 16800 and reverses .

Entry - Next day if breaks above 16800 break candle.

Stop - Below candle low.

Target - 17800.

Same setup for 16400 also.

4. SHORT -

Entry - Breaks 16400, wait for weak pull back to short.

Target - 15900, 15600.
Chart PatternsNIFTYniftyanalysisTrend Analysis

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