Nifty spot opened at 10133.10 and made a low of 10131.30 , it made a high of 10171.70 , before closing at 10153.10
Had mentioned that long positions for the day can be taken above 10100 and short positions can be taken below 10070 . Nifty triggered our daily long trade and completed all targets . Nifty also triggered our weekly long trade with the gap up and completed nearly 4 weekly long targets .
Had mentioned in the previous post " 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 . " , and we saw Nifty initially sustain above 10100 and make a high of 10171.70 above our next resistance zone too . Now in the coming session Nifty needs to break and sustain below 10135 to test 10120 - 10115 initially and sustaining below it we can see a test of 10105 - 10085 . Breaking and sustaining above 10170 we can see a bounce till 10185 - 10190 initially and breaking and sustaining above it we can see a test of 10205 - 10220
Nifty Spot Levels for the day are
Long above 10170 for 10180 - 10190 - 10220 , SL 10150
Short below 10135 for 10125 - 10115 - 10085 , SL 10160
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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.