Nifty choose to consolidate after a massive two days rally and closed a little down, it gave a DOJI on daily chart that indicates indecisiveness and possibility of a pull down. Trading below 11539 i.e. the low of the DOJI will open the doors on the downside.
The immediate targets on the downside could be 11458 followed by 11312.
The stop loss would be top of Doji i.e. 11655.
11460 should be the stop loss for all leveraged positional longs, as if this level is taken, it will weaken the strength of the ongoing uptrend that started on Friday after the stimulus from FM.
Wish you a profitable trading day, please consider liking this chart if you find it worth. Thank You.
The immediate targets on the downside could be 11458 followed by 11312.
The stop loss would be top of Doji i.e. 11655.
11460 should be the stop loss for all leveraged positional longs, as if this level is taken, it will weaken the strength of the ongoing uptrend that started on Friday after the stimulus from FM.
Wish you a profitable trading day, please consider liking this chart if you find it worth. Thank You.