NSE:NIFTY   Nifty 50 Index
Nifty            
Cmp 10176

Observation

- in the short term on a 15 min chart Nifty             is in up trend channel

- Nifty             has channel support around 10135.


For Long trade

Target 10320

Stop loss below 10130


- Break below 10135 can take Nifty             down towards 10030 - 9966 zone


For Short trade


Aggressive traders may look to sell at current levels with Stop loss at 10225

or

Sell below 10130

Target 10030-9966

Stop loss 10182


Take care & safe trading...!!!
Comment: Yesterday it was mentioned that Nifty has channel support near 10135. Well Nifty took support exactly at lower end of Channel & has bounced back...

Now Nifty is Currently at important resistance levels.
this is how Nifty chart is looking like on a 15 min time frame





Take care & safe trading...
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