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NIFTY – Price Action Analysis

The Upward rally is continued in nifty with strong higher-highs and higher-lows & currently nifty got rejected close to weekly key reistance area as we discussed on may-27 . Since price is showing signs of retracement & overall trend is yet protected for more upside, we'll be hunting price action buy signal opportunities around 8185-8215 layers of key support zone which are change of trend & flip support levels respectively.

nifty on 9.6.2016

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

June 9, 2016

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