In the previous session :
Nifty went up by 127 points before closing higher by 88 points on
Friday 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 28th Aug :
Nifty triggered our long trade and completed all targets
For 31st Aug :
Sustaining above 11675 enter for 11690 - 11705 - 11755 , SL 11655
Sustaining below 11620 enter for 11605 - 11590 - 11540 , SL 11640
Nifty has given a strong close above our expected resistance opening doors for further higher levels . Fresh longs can be entered on dips and shorts taken can be exited on correction if Nifty fails to close below 11400 .
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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