Hi
Seeing the movement of Nifty after 8th January, it seems nifty will make new highs in coming days...
Next resistances placed around 12360 - 12430-12500.
I still believe, Market may not fall before 12500 or thereabouts is done.
Supports are well placed around 12230/12175/12130/12090 as per FIBO
& as per Pivot monthly its around 12100.
So 12100 seems a decent bet to go long, in case it comes down.
MACD is highly positive
RSI is above 50
Seeing the movement of Nifty after 8th January, it seems nifty will make new highs in coming days...
Next resistances placed around 12360 - 12430-12500.
I still believe, Market may not fall before 12500 or thereabouts is done.
Supports are well placed around 12230/12175/12130/12090 as per FIBO
& as per Pivot monthly its around 12100.
So 12100 seems a decent bet to go long, in case it comes down.
MACD is highly positive
RSI is above 50
Note
12360 done...noe can we se 12430 or is it back to 12280??lets see
Note
done with 12430......& down super fast
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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.