This is for education purpose only and may not be useful for trading
EOD view: NIFTY breaks out of falling channel and stages a smart 
rally. Incidentally, this is the second gap so trade fresh longs with tight stops.
Possible target for this rally is 2800...this is gap resistance and also Fib resistances.
2 day swing has generated a buy today (markets opened above 2640, SL for shorts).
Sidenote: check RSI resistances.
rally. Incidentally, this is the second gap so trade fresh longs with tight stops.Possible target for this rally is 2800...this is gap resistance and also Fib resistances.
2 day swing has generated a buy today (markets opened above 2640, SL for shorts).
Sidenote: check RSI resistances.
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