As the chart of Nifty index seen, It clearly shows that the Index is trading in the channel whole day. For the tomorrow's weekly expiry, we expect that the there is a very strong resistance near 10880 levels on the upper side and towards downside there is good support near 10800 levels. Besides above, due to rupee strengthen, we advise that if Nifty trading around 10830 levels again in today or tomorrow, traders can buy it with a minimal SL of 50 points for good Risk to reward ratio. If stay around 10880 levels short covering may seen and target may be achieved upto 10950 levels.
Trade closed: target reached:
Longs already covered in later half of tomorrow