daily chart analysis

nifty after a short-term downtrend rallied to make a close above 18000. this pullback rally is a two-legged rally. which is indicating the shorts being covered and not the trend reversal. this makes the rally to be suspicious about the up move recently made by Nifty. so trade cautiously to be long on nifty till it makes a close above 18145 after a dip to 17600.


Note:-Any trade long on nifty to be with strict stop loss.



enjoy trading..........