10:18 Hrs - 11th Sep 2018
Nifty has support in 11400-11420 zone which could act as bouncing pad & we look for upside target of 11525-11550 zone
We buy in the first trading session & sell later with Anti Pattern in the zone 11525-11550 - "if Nifty faces resistance & downside target back to 11450- 11400 & lower
Incase it moves above 11550 & holds - No selling above that level.
They can initiate buy position between 11420-11430 with stops below 11410 for targets mentioned below
They can initiate buy position above 11450-11460 zone once it sustains & holds above that zone for targets mentioned below
Target 1 Zone - 11490-11500
Target 2 Zone - 11525- 11550
Last Published Idea - Click to read
Risky Traders who bought between 11420-11430 - It moved a bit to 11440 levels upside -
I always keep telling "Risk Management" is most important than trading- so trader could have trailed his stop to cost price 11420 from 11410 -not lose any penny in risky call as well.
You could have made 10-20 odd points as safe traders level 11450 wasn't taken out on upside.
We again wait for Nifty to move above 11420-11430 zone & look for same targets with proper risk management
Not below 11420-11430 zone - Proper Risk Management
Nifty seems to be in hurry for downside.
Last Price@ 11315
There is a support here in 11290-11310 - So not moving below is the time for booing some profits -
Any sell likely better only below 11290 else avoid next - can expect a bounce
Do you remember - Bank Nifty 26800-26810 zone we sold at that level once or twice to buy again 26300 with stops below 25980- " Can Bull Race Start..."
Last Price@11288- Nifty
We are back in the important support zone for Bank Nifty as well so If BN holds above 26775-26800 then it could help Nifty as well to take a breather in next few sessions.
Last Price@26790 - Bank Nifty
Bank Nifty & Nifty Both falling from 11730-11750 as suggested in larger view - monthly count & Bank Nifty -Double Top
Expecting a bounce above 11300 as suggested yesterday. Done & Out
Forgot to put the bounce target upside
Bounce Target could be 11465-11480 zone -Once done -Take Rest