NileshChavan
Long

Nifty Small Pullback is possible

NSE:NIFTY   Nifty 50 Index
Nifty (Spot) Buy Near 11540 Stoploss 10490 Target 11640- 11700
Reasons for Trade- 1. Nifty has formed bullish candlstik pattern on daily chart
2. Excess buying is done near to 4 hour trendline 4th time
3. Price has closed above the 4 hr as well as channel trendline support.
4.Small Pullback is expected after 3 days fall
5. Risk Reward is 1:2
Trade active
Comment: 40 points gain till now...move stoploss to cost
Trade closed: target reached: Exited at cost....cost stop loss triggered
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