In the previous session :
Nifty went down by 113 points then went up by 109 points before closing higher by 90 points on Friday as compared to the previous day's close.
Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now .
On 29th May :
Nifty triggered our short trade and completed 1 target and took our TSL. Post that Nifty reversed and triggered our long trade and again completed 1 target . Nifty has moved up sharply by 600 points last week on the back of short covering and we may see it cool off a bit .
For 01st June :
Sustaining above 9650 enter for 9690 - 9735 - 9860 , SL 9600
Sustaining below 9515 enter for 9470 - 9425 - 9300 , SL 9560
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"
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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.
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