In the previous session :
Nifty went down by 20 points then went up by 166 points before closing higher by 82 points on Tuesday 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 01st Sep :
Nifty triggered our long trade and completed all targets doing 125 points
For 02nd Sep :
Sustaining above 11515 enter for 11540 - 11570 - 11650 , SL 11485
Sustaining below 11425 enter for 11400 - 11370 - 11290 , SL 11455
Nifty today closed at 11470 . Any upmove towards 11580 - 11630 can see selling resume in the coming sessions.
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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