NIFTY has closed on a negative note last day and last week. Last week our swing long target hit and we are witnessing a dot reversal from 18700 levels. Also a Bearish Harami was formed in weekly TF. That was triggered now it is active. Below today's low- 18250 we are likely to test 18000 and 17850(extended) in the coming days. An inverted hammer formed in daily TF and a follow up is candle needed now.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 18255 then we will short. T-18117 and 17977.
In case we opened flat and PDL is safe and 18356 is tested in the 1st 45 Min then we will short. T-18270 and 18185.
For buying we need a 15 min candle close above 18441. T- 18530 and 18610.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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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.