Nifty next week view :
If any good news delivered by the FM we can see a 25 to 45 points gap up opening on Monday.
Nifty spot may open at 11110 or 11128 just a prediction.
Then for intraday 11058 and 11080 can act as crucial supports.
My opinion is to long in Nifty keeping in mind the supports and just the price action.
A bullish divergence is also noticed on Nifty Spot charts on a weekly timeframe as
shown in my previous analysis yesterday.
Next big resistence in Nifty is placed at 11110,11150 and 11194.
A stop of 11000 in spot can be kept if one wish to go long till 11200 which is 1:1 risk reward.
Play safe with appropriate stops.
This month expiry if happens above 11210 to 11230 a new bullish trend can take place.
If any good news delivered by the FM we can see a 25 to 45 points gap up opening on Monday.
Nifty spot may open at 11110 or 11128 just a prediction.
Then for intraday 11058 and 11080 can act as crucial supports.
My opinion is to long in Nifty keeping in mind the supports and just the price action.
A bullish divergence is also noticed on Nifty Spot charts on a weekly timeframe as
shown in my previous analysis yesterday.
Next big resistence in Nifty is placed at 11110,11150 and 11194.
A stop of 11000 in spot can be kept if one wish to go long till 11200 which is 1:1 risk reward.
Play safe with appropriate stops.
This month expiry if happens above 11210 to 11230 a new bullish trend can take place.
Dagangan ditutup: hentian tercapai
Stop hit...@ 11k spot!!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.