23825 to 23610 was crucial gap for Nifty which got filled by a single candle. After that it gave a 1000 points rally touching 24775 within 7 days.
Nifty has arrived in 23800 region which is likely to attract buyers again as short sellers will book their profits as Nifty approaches 23600.
It would be interesting watch 23700 region to see signs of bears weakness and bulls arriving.
Once Nifty closes above 23825, we may see a 250 points rally touching near 24080
Approach would be to "buy on dips". Do not short.
Keep strict SL at 23590 Tgt are 23880/23980/24080
Nifty has arrived in 23800 region which is likely to attract buyers again as short sellers will book their profits as Nifty approaches 23600.
It would be interesting watch 23700 region to see signs of bears weakness and bulls arriving.
Once Nifty closes above 23825, we may see a 250 points rally touching near 24080
Approach would be to "buy on dips". Do not short.
Keep strict SL at 23590 Tgt are 23880/23980/24080
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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.
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.