Nifty 1 hour, 4 hour indicators showing reversal signals.
Nifty daily in oversold mode.
Nifty 5 minutes important trendline & channel break.
Fib retracement 50% around 8490.
Thus, one can long nifty near 8450 SL 8440 Target 8490
Risk Reward: 1:4
In case nifty breaks below the SL of 8440,
sell nifty below 8440 with 8450 SL target of 8410.
Nifty daily in oversold mode.
Nifty 5 minutes important trendline & channel break.
Fib retracement 50% around 8490.
Thus, one can long nifty near 8450 SL 8440 Target 8490
Risk Reward: 1:4
In case nifty breaks below the SL of 8440,
sell nifty below 8440 with 8450 SL target of 8410.
Sell initiated at 8440 with SL of 8450. Target achieved at 8410. Profit 30 points.