In the previous session :
Nifty went up by 59 points then went down by 43 points before closing higher by 6 points on Tuesday 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 25th Aug :
Nifty triggered our long trade and did just 1 target and took our TSL. Post that Nifty triggered our short trade and took our stoploss without completing any targets indicating indecisiveness .
For 26th Aug :
Sustaining above 11505 enter for 11525 - 11545 - 11605 , SL 11480
Sustaining below 11440 enter for 11420 - 11400 - 11340 , SL 11465
As mentioned yesterday we saw a move toward 11540 - 11560 today with a high of 11525.90 . We are expecting resistance near this zone and a dip now unless we get a close above 11560 .
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"
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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.
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