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...!!!
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...!!!
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
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
