Dt: 02-07-25

Nifty Commentary

Hourly

EMA 21 didn't hold. Now the pull back to 25,300-25,200 is expected. Price didn't hold 25,600 and broke the consolidation low at EMA 21 in the follow through candle. For now, bias is towards short side.

15min

Failure to break on the upside provided an opportunity in the short side today.

3min

 

There was a short trade after a failure to take out PDH and BRN which was also the range high. Now the price has retraced towards breakout area. Any rejection from here would continue to make LH/LL towards 25,300.

#For education purpose only