There is a resistance zone between 9955-9965 & possible failure can be expected for bulls on short term basis. Holding the zone 9960-9965 on the upside - we can look for 9855-9865 zone as our classic target zone achieved in last update from 9985 to 9860.
Bank Nifty - Bn as well is holding at the levels of 24400 which was yesterday's high.
Previous Update - An awesome fall from 9985 to 9860- Cracks 100 points & bounced - back in the pavilion.
Trade active
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10:55 Hrs 8th Sep2017
Last Price@9942
Cracks in 1st Installment to 9930 - One should book partial & join below 9930 or take short on bounce.
Trade active
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11:15 Hrs 8th Sep2017
Last Price@9948
Got a small bounce from 9930-9935 to 9948 levels. Which could have been used as sell on bounce strategy mentioned few mins back.
Trade active
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11:31 Hrs 8th Sep2017
Last Price@9944
Repeating - we take sell below 9929-9930 session low for the day or look for a bounce to same highs or close by highs of 9955-9965 Zone -if holds on upside then we sell again.
Trade closed manually
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20:53 Hrs 8th Sep2017
Last Price@ 9925
Cracked from the top@9960 but It was choppy move. Closing the update. Thanks
@Basty, This is a short term trading - Daily Chart are always for long term in which Nifty is trapped between 10000 on upside & 9800 downside unless it breaks the zone - you don't know which side market moves.
vmkalola
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may i can go short here
WaveTalks
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@vmkalola, If you can take stop loss of 10-20 points possibly above 9970 - Then sure. As market has no guarantees for any trade & involves risk in trading. Well I gave at 9959-9960 -already it is 10 points down.