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WHY NIFTY MOVED UP AS DOW WAS 500 PTS DOWN ?
#1
WHY NIFTY MOVED UP AS DOW WAS 500 PTS DOWN ?

Hi Traders,
This post is all about the marking and the idea posted on the community tab of the link given below box yesterday. In trade idea Point no.2 and 3 gives a clear vision of today's trade-in spite of dow was near 500 pts down yesterday and sxg was 120 point down in yesterday's closing. Sharing the Idea given for trade with marking as follows:-

Trade idea for Nifty on dated 2-12-21
1. If the price opens near halt 3 and takes resistance then it will be range-bound between halt 2and 3.

2. On the contrary, If the price opens near halt 2 and takes support then halt 3 is your target without range bound trade.

3. once the price moves below halt 2 then all longs should be exited.

You can see point no.3 clearly shows the sentiments are on the long side till halt 2 is intact. And clear upside move in nifty today.

Yogesh Vats


https://in.tradingview.com/chart/NIFTY1!...-PTS-DOWN/
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