Wish all viewers, readers & subscribers a very Happy Deepawali & a New Year. May this New Year brings a lot of happiness, success & prosperity in everyone's life.
Now back to a recap of the last newsletter in which I shared a price window & a time window.
Well, Nifty gave respect to both the windows. Nifty gave a decent correction of more than 900 points from the 18519 lvls.& Banknifty too issued a good correction of more than 3000 Points.
Now the further move will be decided by the 17979 & 17984 lvls because at these lvls 2 price ranges are getting squared. We will play bullish moves above this zone & We will play Bearish moves below this zone.
Scenerio1: If Nifty starts going up from the 17979-17984 zone then we will be playing longs for the targets of 18108 - 18274 - 18392 - 18604 with small & logical stop-loss.
Scenerio2: If Nifty starts going down below 17960 then we will be looking for shorts for the targets of 17620 - 17353 -17332 with small & logical stop-loss.
Scenerio3: If Nifty enters the 17353 to 17332 zone then we will be looking only for BUY because again at this the price range is getting squared.
So, plan your trade & trade your plan accordingly.
*This analysis is shared only for educational purposes. I am not registered with SEBI, so consult your financial advisor before making any decision.
