Short

Nifty view

Updated

Nifty
CMP 10253

Look to sell for target 10160 / 10120
Idea being previous support may act as resistance now...

Stop loss if goes 10280

Take care & safe trading...!!!

Trade closed manually

Nifty made a low of 10201.50

CMP 10206

Nifty is again at 50 day EMA

We look to book profits again and will see how it does on a closing basis

Remember this is an important zone and bulls and bears will try to defend themselves... hence it could tend to confuse a lot of people.

But once clarity emerges who the winner is we could be looking for the next big directional movement of 400-500 points...

Take care & safe trading...!!!

Trade closed manually

In morning trade Nifty respected 50 day EMA. However Once 50 day EMA (around 10209) got taken out decisively, Nifty falls and falls and falls...

Made a low of 10119.55 so far.
Target achieved

Hope u guys made the most of what Nifty chart told us...!!!

Enjoy ur week end

indiamarketoutlook

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