Nifty Outlook 4th Oct 2023
已更新
Range - 19407/19648
Extended range - 19319/19736
The Bullish Harami candlestick pattern is negated with today's negative close. This is the first time after Mar 23 that Nifty has broken the channel. Note that the magnitude of up/down, movement once a channel is broken, is directly proportionate to the time the index has spent in the channel. Nifty has formed a new downward channel on hourly time frame. We can see 19430 or even 19300 levels if Nifty doesn't close above 19750 soon. 50 DMA is also a resistance now for Nifty.
Possible trade will be on the short side, when Nifty approach higher end of the day range. Trade with SL to maintain a risk reward ratio of 1:2.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
Extended range - 19319/19736
The Bullish Harami candlestick pattern is negated with today's negative close. This is the first time after Mar 23 that Nifty has broken the channel. Note that the magnitude of up/down, movement once a channel is broken, is directly proportionate to the time the index has spent in the channel. Nifty has formed a new downward channel on hourly time frame. We can see 19430 or even 19300 levels if Nifty doesn't close above 19750 soon. 50 DMA is also a resistance now for Nifty.
Possible trade will be on the short side, when Nifty approach higher end of the day range. Trade with SL to maintain a risk reward ratio of 1:2.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
交易结束：到达目标
Range mentioned in the morning acted precisely as support & resistance when observed at 15 min chart. Hope today's was a profitable session.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。