Nifty closed the session today almost resting on 200 SMA on daily chart.
This also happens to be long term resistance level that should turn into a strong support.
Long initiated at this level, ~ 10170, should target 10450 for short term trade with SL 10065.
This is not trend reversal at this point. Just a quick bounce.
This also happens to be long term resistance level that should turn into a strong support.
Long initiated at this level, ~ 10170, should target 10450 for short term trade with SL 10065.
This is not trend reversal at this point. Just a quick bounce.