Nifty 50 broke out of the range 8900-9300 levels in last week, so trend remains bullish only above 9500.As chances of a reversal is very high with monday a gap down opening of about 400-500 points, expecting a sideways to bearish trend this week.
Any close above/below these levels on 15 min time frame chart this week:
Looking for a Minor Long Above : 9500
Looking for a Minor Short Below : 9390
Longer term trend remains on downside, so in case we get a close below 8700 on Nifty 50 on hourly basis, I would be looking for a shorting opportunity.
Any close above/below these levels on 15 min time frame chart this week:
Looking for a Minor Long Above : 9500
Looking for a Minor Short Below : 9390
Longer term trend remains on downside, so in case we get a close below 8700 on Nifty 50 on hourly basis, I would be looking for a shorting opportunity.
