Nifty view

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...