Closed @ 11788
EMA 10 @ 11797
EMA 20 @ 11792
EMA 50 @ 11691
Resistances: 11916,12108
WEEKLY PIVOT: 11783
Supports: 11741,11672,1156
nifty trading with failure pattern of inverse head and shoulders pattern which is
bullish sign but it should be on bottom
Nifty making lower top lower bottom on daily chart and it
tried to break nechline of inverse head and shoulder failures pattern on daily
chart on 26th june and 27th june but it fails to closes
with strength candle . so in that case we have to plan as it is standing on
make and break point game plan
1.
Bullish
mode: If nifty tried to sustain above trendline with strengths candle above
11916 then it can go up too 12108. In this case it should not breach support
level of 11700.
2.
Bearish
mode: if nifty breach this support of 10700 then it can go up to 10600
which is strong level for nifty that should not breach if this is uptrend and
if 10600 breached 10450 will be tested.
3.
Range bound:
those who wants to be in range then 10600 will be mid points and above 10900
and below is 10450.
How to trade in nifty in next week
What should be strategy for nifty next week
