In the previous session :
Nifty went up by 50 points then went down by 27 points before closing lower by 7 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 03rd Sep :
Nifty triggered our long trade and took our stoploss without completing any targets indicating indecisiveness
For 04th Sep :
Sustaining above 11570 enter for 11595 - 11620 - 11700 , SL 11540
Sustaining below 11485 enter for 11460 - 11435 - 11360 , SL 11515
Nifty today made a high of 11584.95 and closed at 11527.45 . As mentioned earlier any upmove towards 11580 - 11630 can see selling resume in the coming sessions. Nifty gave a good entry for shorts today.
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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