Technical Analysis Of Nifty 50 (28-7-18)

on Saturday, July 28, 2018
Technical Analysis Of Nifty 50:


Nifty 50 Seems To Be In Bullish Bias. It Has Given A Breakout Above The Previous High With A Gap Up Opening. Looks Like We Will Have A Small Hurdle At 11305 And If Nifty Sustains Above This Level, There Is A High Probability Of Nifty Going To 11530. So One Can Go Long With A Stoploss Of 11200.

Scenario 2

Nifty 50 Had Given A Breakout Above The Previous High. Is The Breakout Is A Runaway Gap Or Exhausting One. I Don't Have Any Idea Of What Market Could Do In Next Couple Of Weeks. So In This Scenario We Can Short Nifty @ 11305 For A Target Of 10930. Stoploss According To Your Risk Management Levels.


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