Hi all,
Nifty, rallied sharply from the Election verdict day, now currently trades near 11900 levels. On hourly charts, Nifty has created a Bearish Shooting Star pattern, that too, near the a prior resistance of 12050 and also close to Supertrend near 11970.
As per the view given on the election day, I guess the sell on rise strategy is the way forward and now, one can look for selling opportunity below the supports of 11900-11870, with stop loss above the penultimate level of life high and targets of 11750-11650-11600....
Cheers ! ! !
Nifty, rallied sharply from the Election verdict day, now currently trades near 11900 levels. On hourly charts, Nifty has created a Bearish Shooting Star pattern, that too, near the a prior resistance of 12050 and also close to Supertrend near 11970.
As per the view given on the election day, I guess the sell on rise strategy is the way forward and now, one can look for selling opportunity below the supports of 11900-11870, with stop loss above the penultimate level of life high and targets of 11750-11650-11600....
Cheers ! ! !
