INTRADAY TREND OF NIFTY 50

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NIFTY 50 ... ENJOY THE POSSIBILITIES

 

Nifty 50 if opens above 10882 or sustains above 10882 for a minimum of 15 minutes and then if it crosses intraday high of 10922 of previous day in a convincing way then market will be considered as bullish and the important intraday levels that can be achieved are 10943/10955/10966/10976. The stop loss can be within a range of 10900-10880
Now what about the downtrend possibility? If  Nifty 50 opens below 10882 or trades below 10882 then what? There is a high possibility of nifty 50 to slide down to 10868 level. If nifty 50 trades below 10868 then can reach to 10856/10847. If Nifty 50 breaks that level too than can slide to 10793 levels. The stop-loss can be in a range of 10900-10880. Be ready for more updates once the level is achieved. 
Note: Levels mentioned here are of Nifty 50 spot levels. This strategy is only for educational purpose. Always trade at your own risk. 

- SAT KABIR

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