Nifty
CMP 10118
If you have been following us, you will see we have been cautioning Nifty since 10340-10398 levels. Last time target given was 10120.
It achieved that target on Friday and it has been 3 days since and Nifty is still hovering at 10120 giving the red trend line it's due respect...
However the current set up suggests staying below 10200, Nifty looks likely to get weaker and weaker...
Break of trend red line decisively or any rise towards 10180 - 10220 zone needs to be watched carefully. If price action gets rejected, then consider sell on rallies...
T1 9968
T2 9735
Take care & safe trading...!!!
CMP 10118
If you have been following us, you will see we have been cautioning Nifty since 10340-10398 levels. Last time target given was 10120.
It achieved that target on Friday and it has been 3 days since and Nifty is still hovering at 10120 giving the red trend line it's due respect...
However the current set up suggests staying below 10200, Nifty looks likely to get weaker and weaker...
Break of trend red line decisively or any rise towards 10180 - 10220 zone needs to be watched carefully. If price action gets rejected, then consider sell on rallies...
T1 9968
T2 9735
Take care & safe trading...!!!
Trade closed manually:
Nifty
CMP 10072
World markets are down big time Hangseng, Taiwan, even Dax futures are down big time... And so expecting a big fall in our markets too becomes a little too easy and predictable...
And when every one is expecting some thing, there is more risk to it...
It may fall but just for the above psychological reason, we are closing our position at current levels and will be observers from sideline....
Take care & safe trading...!!!
CMP 10072
World markets are down big time Hangseng, Taiwan, even Dax futures are down big time... And so expecting a big fall in our markets too becomes a little too easy and predictable...
And when every one is expecting some thing, there is more risk to it...
It may fall but just for the above psychological reason, we are closing our position at current levels and will be observers from sideline....
Take care & safe trading...!!!
