Nifty spot opened at 10099.25 and made a high of 10131.95 , it made a low of 10063.15, before closing at 10079.30
Had mentioned that long positions for the day can be taken above 10110 and short positions can be taken below 10075 . Nifty triggered our long trade initially and nearly completed 2 targets . It then reversed from just near the all time high and triggered our short trade and completed 1 target on the short side . Nifty had this week triggered our weekly long trade too and today completed nearly 5 targets giving 150+ points from the weekly long trade .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10075 to test 10055 - 10050 initially and sustaining below it we can see a test of 10035 - 10020 . Breaking and sustaining above 10110 we can see a bounce till 10130 - 10135 initially and breaking and sustaining above it we can see a test of 10150 - 10170 . " , and we saw Nifty initially sustain above 10110 and make a high of 10131.95 falling short 6 points short of making a new life time high and reverse to break below 10075 . Now in the coming session Nifty needs to break and sustain below 10060 to test 10040 - 10035 initially and sustaining below it we can see a test of 10020 - 10005 . Breaking and sustaining above 10100 we can see a bounce till 10115 - 10130 initially and breaking and sustaining above it we can see a test of 10140 - 10155
Nifty Spot Levels for the day are
Long above 10100 for 10110 - 10120 - 10155 , SL 10075
Short below 10060 for 10050 - 10035 - 10005 , SL 10085
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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.