Nifty, similar to Banknifty was volatile on Friday, though there was a gapup, it closed lower.
- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.
- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.
- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.
- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.