In the previous session :
Nifty went up by 62 points then went down by 117 points before closing lower by 32 points on Thursday as compared to the previous day's close.
Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now .
On 04th Jun :
Nifty initially triggered our long trade and took our stoploss. Nifty then reversed to trigger our short trade and completed 2 targets giving 60 points .
For 05th June :
Sustaining above 10080 enter for 10105 - 10140 - 10230 , SL 10045
Sustaining below 9980 enter for 9950 - 9920 - 9930 , SL 10015
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"
Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.
No comments:
Post a Comment