Nifty is in strong resistance zone

2023年5月15日

Nifty is in strong resistance zone and might be a reversal from this zone as Nifty has achieved 78.2% retracement from the bottom i.e. 16828 and also 5th wave is about to complete in this zone. Short Nifty positionally also for the mid term (approx. upto July) target 16400-15800.

for short term :- Short Nifty @ 18328-18486
SL 18588 (SL on 15 min. candle close)

Target 17709-17780

2023年5月20日

註釋

Now, keep trailing SL 18245 (daily closing basis). If hit then we short Nifty again @ 18700-18800 zone

2023年5月21日

註釋

Please correct Closing basis SL is 18350 not 18245

2023年5月23日

註釋

if SL hit then reverse position for target 19400.

2023年5月26日

註釋

Be in short position dnt cut shorts as today volume is very less. We can see huge selling in coming days upto 15900 with 2-3 months.