Dont Short Nifty Dont go Long in Nifty.
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Only Nifty is Long if it closing above 16624 daily Charts.
Only short Nifty if it closing above 15672 daily Charts.
Other wise Let it dance between these 2 Levels.
Nifty already tested 16400 4 times & if it keep on getting rejection from these level then it may start losing strength .
Dow Jones already 20% less ( Means Bearish Trend ) from itrs recent High. So plz be cautious .
Follow the levels .
Only short Nifty if it closing above 15672 daily Charts.
Other wise Let it dance between these 2 Levels.
Nifty already tested 16400 4 times & if it keep on getting rejection from these level then it may start losing strength .
Dow Jones already 20% less ( Means Bearish Trend ) from itrs recent High. So plz be cautious .
Follow the levels .
Nota
SGX Nifty getting same resistance 16380 ( Near 16400 )Nota
See Today it got Reversed from the same resistance zone . There is also trendline resistance near 16500.
Hope it helped.
Nota
Now as we can see Nifty is giving closing above 16624 on daily charts.All indexes SGX , DowJones , NSDAQ etc looking good.
We can go long in Nifty.
Nota
Nifty is trying to Break the Weekley trendline & also trying to retest the Channel .If give closing on daily charts below 16400 , then become Bearish otherwise Bullish is intact.
Nota
Only Nifty is Long if it closing above 16624 daily Charts .Trade chiuso: obiettivo raggiunto
I think Nifty is closing below 15728 daily Charts .Now Nifty is not Long.
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