Nifty50 Intraday Analysis NSE:NIFTY
Kindly change to 5min Time-frame
As on chart we can see there is trend line which is serving as Resistance.
On 26Aug market opened Upside then traded in range. There was high Volatility on Friday. Seeing on 15min chart there is Resistance at 17480
CONDITION FOR TRADE::
•If market opens gap down but above 17480= Short below 17480 seeing the traded volume
• If market opens flat wait for price action to form and Short below trend line(orange)
• If market opens gap up no trade.
So view is short for 27Aug
Kindly change to 5min Time-frame
As on chart we can see there is trend line which is serving as Resistance.
On 26Aug market opened Upside then traded in range. There was high Volatility on Friday. Seeing on 15min chart there is Resistance at 17480
CONDITION FOR TRADE::
•If market opens gap down but above 17480= Short below 17480 seeing the traded volume
• If market opens flat wait for price action to form and Short below trend line(orange)
• If market opens gap up no trade.
So view is short for 27Aug