Dt: 01-07-25

Nifty Commentary

Hourly

Currently EMA is holding the price. The trend is up. However, unless the price closes and consolidates above 25,600, there isn't a good r:r for the long side. Downside has a good r:r although that would be counter trend, so exit has to be quick.

15min

Currently it is within a range. Trigger on break out or failure to break on either side. However, breakout to the upside have a limited space to move.

3min

I was expecting a long opportunity from yesterday's lows. However, after a gap open, it quickly tagged 25,600, thereby denying long opportunity. It was then expected to be an inside day as it couldn't tag yesterday's low or close despite failure from the top. One more session inside this range would be a recipe for a good move thereafter.

#For education purpose only