NSE:NIFTY   Nifty 50 Index
167 views
5
Pullback to the 38.2% and prior high after a Trend Change, making 8033-8020 a bounce area. Low risk buy here for a target of 61.8% FR (8130). There's also a Gap area (8128-8136) co-inciding with the 61.8% FR .
Below 8020, the long gets negated and we can see 7960.
Trade closed manually: The high was 8110.95, suggesting the Index almost met its Target zone of 8128-8136. So the trade ideally should be closed at day's end.

Comments