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NIFTY : looking to buy now at range’s bottom

After a large move up from 6825 level, recently nifty has been going through in a consolidation corrective phase between 7420 to 7580. Currenntly price is testing the consolidation range bottom coming as a range around 7420-7450 & we're looking for buy trades here on this support zone to trade inline with overall bullish strength.In case, price turns up in our direction from here, we'll see 7580 again in coming days otherwise a strong break below 7420 support will lead a sell-off rally towards 7240 layer of support.  

nifty- 16.03.2016

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.

March 16, 2016

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