Nifty 50 index flat until....
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Nifty after the initial gallop will consolidate and would be flat, the last 90 mins were rangebound between 18667 & 18616. ADX must move over 25 to point toward a trending market. Also, price volume needs to move over its signal line else the index is expected rangebound. PIVOTS Levels
R3 18742.05
R2 18693.94
R1 18664.21
P 18616.1
S1 18567.99
S2 18538.26
S3 18490.15
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Trade chiuso: obiettivo raggiunto
As mentioned as the ADX crossed 25 and is currently @ 26.46 levels, the index zoomed. Next resistance 18693.
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