Nifty spot opened at 10366.80 and made a low of 10362.25 , it made a high of 10404.50, before closing at 10389.70 .
Had mentioned that long positions for the day can be taken above 10370 and short positions can be taken below 10325 . Nifty initially triggered our long trade and completed 2 targets . Nifty gave a close above 10355 and one should keep a cbsl now of 10340 for long positions taken .
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10325 to test 10300 - 10295 initially and sustaining below it we can see a further correction till 10275 - 10255 . Similarly breaking and sustaining above 10370 we can see a test of 10395 - 10400 initially and breaking / sustaining above it we can see a further move till 10425 - 10445 " , and today Nifty made a high of 10404.50 just above out initial resistance levels for the day .
Now in the coming session Nifty needs to break and sustain below 10370 to test 10350 - 10345 initially and sustaining below it we can see a further correction till 10330 - 10310. Similarly breaking and sustaining above 10410 we can see a test of 10435 - 10435 initially and breaking / sustaining above it we can a further move till 10450 - 10465 .
Nifty Spot Levels for the day are
Long above 10410 for 10420 - 10435 - 10465 , SL 10384
Short below 10370 for 10360 - 10345 - 10310 , SL 10395
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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.