Good Morning, everyone. I hope you guys had a great weekend and enjoyed your family time. Let's get back to work and talk about the nifty first. The Index has shifted its intraday range which was valid since 14th Dec, Sentiment is still negative, and Index is falling from every swing high, which is a clear sign that profit booking is continuing. The Index has closed lower than 17,000 and is testing its strongest demand zone again (16.800 to 17,000).
India USD and SGX are trading on a flat note, and I am accepting a small gap up or a flat opening.
30 Minute time frame
========================
Intraday Resistance: 17,110
Intraday Support : 16,950
Long can build above 17,110 for the target of 17,200
High Probability trade is short side lower than 16,950 for the target of 16,850 .. You can hold your position if 16,800 breaks in the intraday.
Daily Time Frame
==================
Index wider range is 17,650 to 16,800. The Index is going to test its demand zone again. A breakdown will cause more bloodbaths, and Index can test 16,000 in a couple of weeks.
Trade Accordingly.
Good Luck
India USD and SGX are trading on a flat note, and I am accepting a small gap up or a flat opening.
30 Minute time frame
========================
Intraday Resistance: 17,110
Intraday Support : 16,950
Long can build above 17,110 for the target of 17,200
High Probability trade is short side lower than 16,950 for the target of 16,850 .. You can hold your position if 16,800 breaks in the intraday.
Daily Time Frame
==================
Index wider range is 17,650 to 16,800. The Index is going to test its demand zone again. A breakdown will cause more bloodbaths, and Index can test 16,000 in a couple of weeks.
Trade Accordingly.
Good Luck
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Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
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Telegram: t.me/Virendrapandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。