Free Stock market / Nifty intraday tips

11500 or 11000 below? last Resistance is for NIFTY

spot-nifty
spot-nifty

Today, Nifty made strong bullish candle but, its having final and strong trend line resistance.

  • Trendline Resistance 12000-50
  • H & S pattern,

Generally Head & Shoulder pattern has 2% penetration normally.
LEFT Shoulder is at 11176 and,
HEAD at 11760
Calculated 223 points is 2% Penetration of LEFT SHOULDER. 11176 + 223 = 11400

For the H & S pattern, 11400 may be a maximum value of RIGHT should with penetration of 2%.

I will update here tomorrow exact trade…

updated after opened market.

here profit booking can start on NF, between 11287-11308

Active PUT 11200 march, buyers expected 18-22.

 

Previous ArticleNext Article
Moneymunch's editors' staff. They have been writing/working on the financial markets for over two decades, having previously worked with popular financial blogs and newspapers.

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend