NIFTY (SPOT) VIEW ON LEVELS AND A POSSIBLE MOVE ON THE SAME: CURRENT ACTION: SIDEWAYS .....ALSO MAKING A TRIANGLE PATTERN
MOVE POSSIBLE ON RANGE BREAK:
==>> NIFTY GOING SIDEWAYS BETWEEN CRUCIAL BAND OF 5249/98 TO 5462/65
==>> SIDEWAYS ACTION IS EXPECTED TO CONTINUE UNTIL NIFTY SPOT STAYS BETWEEN RANGE
==>> BREAKING BELOW 5249/98 CAN TAKE NIFTY DOWN TO 5150/75 (SUPPORT). IF THIS SUPPORT ALSO GETS BREACHED, NIFTY IS LIKELY TO HEAD DOWN TOWARDS 5090-5055 AND POSSIBLY TOWARDS 4990-45.
==>> BREAKING ABOVE 5462/65 CAN ALLOW NIFTY TO FIND FRESH RISE TOWARDS 5482-5520/40 (RESISTANCE). BREACH OF A SAME IS LIKELY TO GIVE STRENGTH TO NIFTY IN MOVING TOWARDS 5570-5600
INSIDE THE RANGE (5249 TO 5465):
BUY-SELL HURDLES/TRIGGERS FOR TRADERS/JOBBERS: (5298-5315) --- (5378-93) --- (5415-28)
MOVE POSSIBLE ON TRIANGLE BREAK:
==>> BUY ABOVE 5392/95 FOR 5407/25/60/80-5505/20
==>> SELL BELOW 5298/5305 FOR 5275/49/15-5175/50
***USE 0.50% SL
BULLISH-BEARISH CHANGES IN A BIG WAY:
*** BREAKING ABOVE 5700 MAY ALLOW NIFTY TO EXTEND ITS RISE TOWARDS 5910-45
*** BREAKING BELOW 4945-5050 BAND MAY FORCE NIFTY TO GO FILL THE REMAINING GAPS******ALL ARE SPOT LEVELS
