Nifty | Pre-Market | Dec 2024 | Week-1
Nifty closed the previous week with some Bullishness breaking out from the trend line resistance forming since 27 Sep 2024.
Last weeks candle was a Pin bar with some Selling pressure from the top. This is not a purely Bullish sentiment indication.
Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 24,800 level.
For the upcoming week, for now, Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot.
Long View ~ Above 24,366 for a target till 24,700 or thereabouts.
Short View ~ Below 23,882 for a target till 23,420 or thereabouts.
No trade view for any level in between.
Last weeks candle was a Pin bar with some Selling pressure from the top. This is not a purely Bullish sentiment indication.
Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 24,800 level.
For the upcoming week, for now, Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot.
Long View ~ Above 24,366 for a target till 24,700 or thereabouts.
Short View ~ Below 23,882 for a target till 23,420 or thereabouts.
No trade view for any level in between.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.