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NIFTY : Look for short trades till 7120 layer reaches

On 18th-jan, we talked about trading a consolidation range between 7605 to 7425 & was expecting price to move towards the breakout direction once it comes out of the range.Finally we see price coming out of the trading range below 7445-7425 support zone & now we're going to look for sell entry opportunities till price reaches to it's next key support level of 7120. We'll love to hunt a sell entry opportunity around 7425-7445 layer of flip resistance zone to join the ongoing bearish momentum.

19.01.2016-1


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.

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