Nifty spot opened at 10062.35 and made a low of 10043.65 , it made a high of 10115.15, before closing at 10085.40
Had mentioned that long positions for the day can be taken above 10105 and short positions can be taken below 10070 . Nifty triggered our short trade initially and completed 2 targets .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10070 to test 10050 - 10045 initially and sustaining below it we can see a test of 10030 - 10015 . Breaking and sustaining above 10105 we can see a bounce till 10125 - 10130 initially and breaking and sustaining above it we can see a test of 10145 - 10160 . " , and we saw Nifty initially sustain below 10070 and make a low of 10043.65 near our initial support zone and reversed . Now in the coming session Nifty needs to break and sustain below 10070 to test 10055 - 10050 initially and sustaining below it we can see a test of 10040 - 10025 . Breaking and sustaining above 10100 we can see a bounce till 10115 - 10120 initially and breaking and sustaining above it we can see a test of 10130 - 10145
Nifty Spot Levels for the day are
Long above 10100 for 10110 - 10120 - 10145 , SL 10080
Short below 10070 for 10060 - 10050 - 10025 , SL 10090
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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.