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.
ReplyDeleteVery intresting blog! Good work!, Forex market is the largest financial market in the world and is made up of commercial companies, central banks, investment management firms, hedge funds, retail forex brokers, and investors. You can Learn And Earn Forex Trading For Free Visit Thegoodoutlook.com!
Thegoodoutlook.com!