Nifty facing selling pressure at higher levels. watch key resistance at 25150. key support at 24950 on closing basis. next trending move can be decided which side nifty makes breakout. stay alert. keep strict stoploss to positions regards
As expected, nifty took a pause and tested 25010 smd rrbounding from there. fall was 3 wave fall. Corrective in nature. Upmove can resume towards25200 initially and on successful crossover, it can head towards 25500+++ cover shorts, if any. regards.
#shootingStar formation in #nifty daily charys. Stay alert. 24950-900 zone can get tested tomorrow. Keep strict stoploss to long positions. #investing #tradingview #elliottwave
#nifty cmp 24650. Close below 24750 means, bearish move to continue next week too. Keep atrict stoploss to long poditions. Wherever possible, book profits. Next key support to watch in coming sessions 24400-250 zone. #investing #tradingview
It seems nifty completed minor double correction pattern today and now heading for higher targets 25600-750 zone. stay alert. regards, suryadev bandari research analyst