On last trading session (FRIDAY) before the closing of the market we have seen a clear bounce from the important zone of 17600 if market manages to sustain above 17600 level on Monday index is heading for 17900/18000 in coming days.
As a trend reversal trader I will like to built a long position in NIFTY above 17760 for the above mentioned targets. Also RSI Is also below 30 which also depicts the change in trend in coming trading sessions
Always follow proper Risk and position management.
Trade as per your risk appetite
Comment
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trend has been changed we are sitting in long position in nifty with a very small sl and big targets
Always follow proper Risk and position management.