Nifty can soon start it's up move. It'll break the black horizontal line and start going up. However, the count in the Bank Nifty is clearer, so an entry based on Bank Nifty would be a better idea. (The link for Bank Nifty is attached).
Note
Min. target for Nifty up move would be 8770.Note
Also this is in continuation with the higher degree NIFTY move:
Note
An SL of 8592 would be appropriate for longs on Nifty.Note
Can be longed again now.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.