NIFTY1! as mentioned in previous post, nifty future is pushung for 19500 level with a retest on 19385 zone, in process we can see a wedge pattern has formed at important area of interest, keep checking the wedge movement with respect to the zones marked. if we see a selling/profit booking at 19500 level, market may inch towards 19200 zone. upside target can be upto 19680 zone if sustains above 19550.
ノート
short nifty below 19350 for 19200 zone , closin below 19350 will confirm breakdown of the wedge pattern
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future breaks the wedge as indian indices gives closing at the previous week high mark , which can be the triggrt for fall as it was the point for the previous fall and can act as a sell zone to push market below if future breaks below 19350 level.
if nifty fututre manages to re-enter the wedge and in process of doing so, it breaks above 19535 mark, then we might se 19660/700 level on next session.
ノート
nifty future hits 19850 mark after breaking above 19535 and crossing 19700 zone as well, sexy sexy sexy