Mighty Nifty - Analysis for Nov 4

4 Kas 2022

Price is trending in a downward channel. Bullish above 18110 with the stop 18080 for the targets 18140, 18180 and 18200. Sustaining 18100 - 18120 is important to maintain bullish strength. Bearish below 18060 with the stop 18090 for the targets 18030, 18000 and 17960. Entry should be taken after understanding trend strength only. Note : Traders can do well if they have the clarity about when to stay away from markets.

4 Kas 2022

Not

So far 18000 to 18100 has formed as range for the day. Price is just above the upper trend line of the channel.

4 Kas 2022

Not

Short t1 done and then price reversed.