On Friday after showing weekness in last three trading season,Nifty show some resistance at its 20EMA Level which is placed at 18094 now.After making a low of 18060 nifty show strong buying from its 20EMA.
NOW for Monday if nifty protect its previous low of 18060 which is most likely to happen,It will resume it's upward journey towards 18500 level which has max call OI.
ON Monday we can initiate a buy trade on nifty above 18220 with 18050 as Stop loss.
Our target will be arround 18350 for intraday traders and 18500 for positional trade.
And for selling side If nifty break 18050 level we can see a Sharp selling.
Sell nifty below 18050 with 18125 as stop losss for intraday traders ans 18220 as positional trade.
Our target will arround 17850 which it's 50EMA and previous breakout level.
For Bank nifty I will provide only buying level.
Blind buy above 44150. Sl of 43950 and target is 44500 and 45000.
Thanks you
Comments
Post a Comment