NIFTY VIEW FOR 07/12

As discussed earlier Nifty future hit a fresh record high 13324 against my prediction 13302.
And formed a bullish candle on the Daily & Weekly chart respectively.
The formation of bullish candle has surpassed the high of the previous Bearish Engulfing candle.
Althogh its is in uppper channel but no reversal sign has been seen as of now.
So for the next week upside levels to be watched for 13500.which is also a psychological level.
Also keep in mind that when market/Stock is at ATH ,basically there is no resistance.

Nifty Future may trade in the range 13148 -13500.
Decision Range :13182-13202

Above 13202 : 13252/13302/13354/13403/13452/13500
Below 13182: 13148/13058

Let us see what happen....

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Transakcja zamknięta: osiągnięto wyznaczony cel:

made a high 13398 against my view of 13403

Komentarz:

May book profit here..

Zlecenie aktywne

Transakcja zamknięta: osiągnięto wyznaczony cel

Komentarz:

view for 09/12
view bullish but R:R is not right.
So it can only be taken if it comes down near 13200-13252.