NIFTY is getting ready to make New Highs.

NSE:NIFTY   Nifty 50 Index
As I mentioned in my yesterday post that I am not bullish in Nifty for short term period.
12100 is a last support. Once it will sustain below 12100 in intraday it may test 12050-12035 zone. In coming days in case If Nifty will sustain below 12035 then 11965-11985 zone. I will change my view from bearish to bullish @ 12035-12050 and 11965-11985 zones and take a trade according.
Nifty should test any of this level on or before budget day. After budget again Nifty may resume it's uptrend.

Trade Well.
Trade active: Short 12200 call @ 40
Trade active: Sold Fut @ 12110
Comment: Still NF is weak. 12150-12165 is a strong supply zone.
Comment: Booked 50%profit in FUT position


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