Nifty:: Need to take precaution, Education Purpose Only!!

NSE:NIFTY   Nifty 50 Index
Below Levels are:

R1 R2 R3 R4 R5 R6 R7 R8
10306 10326 10362 10422 10469 10515 10582 10667

S1 S2 S3 S4 S5 S6 S7 S8 S9 S10 S11 S12
10235 10215 10179 10119 10072 10025 9959 9874 9766 9710 9629 9477

Disclaimer: This analysis for education purpose only, it's not for the recommendation. Buy-sell it's your choice.

Comment: Self Note:
If right observation volume should be rise, which means bulls are unable to sustain any positive momentum...instead invalid.
Comment: watch price 10350-421, after confirmation will short then tgt 9865-9900
Trade active: partially active @10250-320, fully will be active next 2-3 day 10420-10470. sl 10515
Comment: No risky trade, watch for perfect entry...still have one more up till 10400
Comment: Self Practice:

Coming soon Gujarat election & IIP result, In this case if nifty hold 10515 it will touch 10800-11000.

I think the Gujarat election is not problematic for market, as per chart & volatility analysis, I feel, a bad news will get in the coming days.. I don't know which sentiment will trigger for market, but trying to figure out...

lets see...

Comment: Take precautions. mkt volatility high
Comment: revise sl 10179 (partially active @10250-320)
Comment: as per mkt volatility, slow price movement might, try to book profit 10179-10119-10072
Comment: booked 10163 (partially active @10250-320)
Trade closed manually
Comment: Nifty & bank nifty trade will active as per mkt situation with respect of volatility, volatility trapping us, so need to confirm that's why last short position exit on time.
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