Nifty spot opened at 9945.85 and made a low of 9917.20 , it made a high of 9964.85, before closing at 9929.90.
Had mentioned that long positions for the day can be taken above 9940 and short positions can be taken below 9895 . Nifty triggered our long trade and completed just 1 target .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9890 to test 9870 - 9860 initially and sustaining below it we can see a test of 9840 - 9815 . Breaking and sustaining above 9940 we can see a bounce till 9965 - 9975 initially and breaking and sustaining above it we can see a test of 9995 - 10020 " , and we saw Nifty make a high of 9964.85 for the day . Now in the coming session Nifty needs to break and sustain below 9905 to test 9880 - 9875 initially and sustaining below it we can see a test of 9850 - 9830 . Breaking and sustaining above 9955 we see a bounce till 9980 - 9985 initially and breaking and sustaining above it we can see a test of 10010 - 10030 .
Nifty Spot Levels for the day are
Long above 9955 for 9970 - 9985 - 10030 , SL 9925
Short below 9905 for 9890 - 9875 - 9830 , SL 9935
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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.