Nifty finally closes above given trade line on 1 hour time frame so if nifty do flat opening between 18020 to 18050 then we can wait for some time and if start closing above 18050 then we can make position on buy side.
In case if break down side then we can see first target 17980 and if we can see any hammer candle at or near 17980 then we can also make long position.
But if start closing below 17980 then we can short nifty for 17850 and 17770.
This is my personal views as per my nifty technical analysis.
In case if break down side then we can see first target 17980 and if we can see any hammer candle at or near 17980 then we can also make long position.
But if start closing below 17980 then we can short nifty for 17850 and 17770.
This is my personal views as per my nifty technical analysis.