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Nifty Future Technical Analysis : A Breakout From Trading Range

Finally the index came out from the trading range as discussed in yesterday's analysis with a downside breakout & heading towards next level of support- 7920 level.We'll be riding the selloff momentum with our trend continuation trading strategy till price reaches next level of support and in case we find price giving a retracement / pullback, then the flip resistance level of 8080 will be a valid level to look for a sell entry opportunity again to get back to overall downward selling pressure. 

(Checkout FREE FUNDAMENTAL VIDEO COURSE contents to understand PRICE ACTION ANALYSIS done here )

nifty-23-12-2016

SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

December 23, 2016

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