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JMvalueinvest
Jun 12, 2020 1:34 PM

Nifty respects channel lows, fills gap, buy dips with SL 9600 Education

Nifty 50 IndexNSE

Description

Nifty has been moving in a channel, and has today respected and held on to channel lows. Moreover it has filled the previous gap at 9600, which is also a good sign. One can choose to use dips towards 9750-9800 to go long with SL 9600.

Trade active

As expected, Nifty came down to ~9750 levels, the lower end of Channel, and is holding the levels and bouncing back. Good entry for Longs for Target 10050-10100

Trade closed: target reached

Given a good 400+ points move, Book profit
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