Nifty Talks 08 Aug

Updated
Strategy : Patallel Channels

Support : 19550 19590

Resistance : 19640 19690

Enter Short at high of channel lines
Enter Long at Lower line of channels

On breakout of channel lines, follow the trend

Disclaimer: For Educational purposes. Not recommendations
Trade active
Short at 630 active, with support of 19570

Sustaining below 19570 ..to target areas for 19530 19460

Resistance and SL still 19640
Trade active
Target of 19530 reached.

Remaining to trail
Trade active
19530 has given a strong support.

Remaining still on trail...with close watch on 19530
Below 19530 could test 19490-510 and to targets of 19440

Upside limited but, to exit if 19600-610 breaches.
Trade active
consolidation phase , still waiting with short hold
Trade closed manually
Closed the intradays at end of day
NIFTYniftyanalysisParallel ChannelTrend AnalysisTrend Lines

Disclaimer