KumarAbhilash
Long

nifty- rectangle formation

NSE:NIFTY   Nifty 50 Index
242 4 16
upside breakout possible for target of 10700 buy on dip with 9690 sl
Comment:
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sensex lagging 300 points from making new highs . keeping that in mind we may exect 100-150 point rise in nifty
snapshot

10400 expected by next expiry . utimate target of rectangle intact 10700
Trade closed: target reached:
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fnally no sell call given at any point of time , buy on dip startegy works best in bull market
i have also posted the sme view, i have not put 10700 as my target,
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nalinakshi nalinakshi
@nalinakshi, please note as market is going higher advance decline is showing divergence.mkt will go up with caution
Reply
@nalinakshi, in one way i never expect market to go up , as m positional trader m stick to my target ..trading day to day is very challenging work for me so avoid it
Reply
@nalinakshi, and yes u r right and it should fsce some resistance after all its at stiff resistance but lets wait for another 2-3 days candle to decide where market will go
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