Possible trading strategies for Nifty

NSE:NIFTY   Nifty 50 Index
NIfty50 Outlook: Very short but effective resistance line at 9884 level, if Nifty50 able to close above 9884 level on hourly basis a buy can be done and possible targets will be 9950/10000 or you can say next resistance levels, and stop 9850 level and a vise versa trading strategies is also looking available for intra-day go for sell below-9850 with Target-9802 with stop-9870.
Now overall market trading on range bound so try apply support and resistance level trading. from my view Nifty50 doesn't have clear direction for upward or downward as of now so go with the flow key supports are-9850/9780/9700 level and key resistance are 9885/9950/10000.
Trade active
Comment: Booked 70% @9933 level
Trade closed: stop reached: 30% Stop out
very nicely captured. also looks like EW 4 correction in progress. thanks for sharing.
atin28 RD2467
@RD2467, Thank you
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