Nifty Taks 09 Aug
Updated
Strategy : parallel Channels and Support /Resistance
Support : 19310 19430 19570
Resistance 19570 19640 19700
Short Entries at the top of the channels on return down
Long Entries at the bottom line of channels on bounce
On break of channels, to follow the trend
Disclaimer: For Educational purposes. Not recommendations
Support : 19310 19430 19570
Resistance 19570 19640 19700
Short Entries at the top of the channels on return down
Long Entries at the bottom line of channels on bounce
On break of channels, to follow the trend
Disclaimer: For Educational purposes. Not recommendations
Trade active
So far, Nifty trading on the projected lines.Holding for the support points to reach with strict resistance /Sl of 600
Trade active
Still on projection path.Part booking at 19475 and remaining to trail for Tgts of 19430
SL trailed to 19510
Trade closed manually
Closing the shorts .To wait for next opportunity or to close for the day
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