Nifty Outlook for 05-09-2018

NSE:NIFTY   Nifty 50 Index
As Mentioned yesterday, new range for Nifty is 11500-11700.
today nifty test the lower range and we expect nifty to reverse from here.

Reasons for Buy-

- Nifty is having 37lacs Put Interest created at 111500 zones, which should act as a strong support.
-Last swing high was 11500 which should act as a strong support for mkt.

What we should do-
Buy at current Levels
Stop loss should be 11490
Target should 11570
For positional target can be 11600


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