Nifty Weekly view 9th Feb 2018 ( 100 Points rally in 2 days)
Nifty Weekly View 2nd Feb 2018 ( 250 Points Rally in 3 days)
February 11, 2018
Nifty Trade 19th Feb 2018 – 131% Profit in 10400PE
February 19, 2018
Hi Friends,
Nifty on 5th Feb 2018 (Monday) opened Gap down at 10604, and Broke critical support zones near 10400 and Hit Range Support at 10300 zones.
100 point Fall in 2 days , and bounced from these zones, incidentally the 100 DMA also coincided with these zones.
It was a great 2nd week of Short Trade in Nifty and Bank Nifty .
Now for the week ahead, Nifty has been taking support at 100 DMA ( 10366). Overall Structure is weak. if 100 DMA able to hold , we can expect a bounce to resistance zones near 10460 -10550.
If support zones break, can expect next correction to 10100 -10150 zones.
Happy Trading
