Nifty Swing Charts and ICICI Positional Targets

Nifty Spot :4103

 

Inference from the Swing Charts of - 4 day(15 min) Intraday Nifty charts

Which shows that the primary trend of the nifty is getting weaker day by

day. And the falling RSI and the stocastics signals further downtrend is

possible if nifty is not able to move above the recent swing high 4130

and any dip below 4177 will take nifty towards 4000 hardly and movement

above 4130 will take nifty towards 4225 once again.

 

ICICI Positional Targets :

 

Bullish Outlook:

 

1)Looks Bullish above 600 for a target of 608 with stop loss  at 593

2)Looks Bullish above 610 with stop near 599 for a target of 623

 

Bearish Outlook

 

1)Bearish outlook below 588 for a target of 574 and 560 with stoploss near 600

 

 

 

Recommended to play this game in futures. With Stop loss near

 

 

 

Happy Trading!!!